Shi, Haina; Song, Byron Y.; Xu, Huifeng; Xu, Xiaodong - In: China journal of accounting research : CJAR 16 (2023) 2, pp. 1-24
responsibility (CSR) reports, we examine whether mandatory CSR disclosure improves analysts' information environment. We focus on two … properties of analysts' earnings forecasts: forecast error and forecast dispersion. We find that the mandatory issuance of … reports. Our findings provide evidence that mandatory CSR disclosure plays an important informational role for financial …