Blockchain adoption and analyst forecast accuracy

Fenghua Wang, Qiang Ye, Jiang Li and Wen Shi

Research in International Business and Finance, 2025, vol. 73, issue PA

Abstract: We examine the relationship between corporate blockchain adoption and analyst forecast accuracy. We manually collect the blockchain usage data of public firms from the Factiva news database. Using a staggered Difference-in-Differences method, we find that analyst forecast accuracy significantly improves after firms adopt blockchain technology. In addition, the change in analyst coverage could be the potential explanation for this result.

Keywords: Blockchain; Analyst forecast; Accuracy; Error (search for similar items in EconPapers)
JEL-codes: G14 G17 G41 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:73:y:2025:i:pa:s0275531924003866

DOI: 10.1016/j.ribaf.2024.102593

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