Confucian culture and analysts' earnings forecast accuracy

Yue Zhao and Lixin Li

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This article's findings reveal that Confucian culture enhances the precision of analysts' earnings forecasts. Tests for heterogeneity demonstrate that in private enterprises and more marketized samples, Confucian culture's governance impact is more significant. This study offers empirical support for the notion that Confucian culture serves as a vital external oversight mechanism for businesses.

Keywords: Confucian culture; Forecast accuracy (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006196

DOI: 10.1016/j.frl.2024.105589

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