The Effects of Foreign Equity Ownership on Earnings Forecasts in China
In this article, the accuracy of analysts' earnings forecasts in China is studied. Chinese-listed firms with foreign ownership need to report their financial statements in accordance with both Chinese and international accounting standards. This reporting environment offers a good testing ground for the hypothesis that forecasting error is an inverse function of the availability of relevant information. Empirical evidence indicates that firms with foreign ownership tend to have lower forecasting errors. This result demonstrates the value and positive influence of foreign investment in China.
Year of publication: |
2005
|
---|---|
Authors: | FAN, DENNIS K.K. ; LUI, GLADIE M.C. ; SO, RAYMOND W. |
Published in: |
Chinese Economy. - M.E. Sharpe, Inc., ISSN 1097-1475. - Vol. 38.2005, 2, p. 36-55
|
Publisher: |
M.E. Sharpe, Inc. |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The Effects of Foreign Equity Ownership on Earnings Forecasts in China
Fan, Dennis K.K., (2005)
-
Analyst Earnings Forecasts for Publicly Traded Insurance Companies
Fan, Dennis K.K., (2006)
-
What managers think of capital structure: the evidence from Hong Kong
Fan, Dennis K.K., (2004)
- More ...