A balancing act between accuracy and timeliness: Evidence from analyst forecasts in China
Document Type
Article
Publication Date
2-9-2024
Abstract
This paper investigates the impact of teamwork on analysts' ability to balance accuracy and timeliness. Surprisingly, team analysts demonstrate a lower ability compared to individual analysts. This trade-off ability is even worse in diverse teams. Further, we find that Confucianism negatively affects this ability. However, this ability significantly improves when star analysts serve on the analyst team, or when analyst team members come from the province where the covered firm is headquartered, or when analyst team members graduate from the same college. Overall, these findings suggest that it is crucial to consider the two performance dimensions simultaneously.
DOI
https://doi.org/10.1111/acfi.13233
Recommended Citation
Han, Lining; Qiu, Bin; Yang, Xixi; and Zhao, Yiwei, "A balancing act between accuracy and timeliness: Evidence from analyst forecasts in China" (2024). Business & Economics Faculty Publications. 200.
https://digitalcommons.longwood.edu/business_facpubs/200
Original Citation
A Balancing Act Between Accuracy and Timeliness: Evidence from Analyst Forecasts in China. Joint with Lining Han, Bin Qiu, and Xixi Yang, Accounting & Finance, 2024.
