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This study examines the relationship between a firm's degree of multi-nationality and its managers' earnings forecasts. Firms with a high degree of multi-nationality are subject to greater uncertainty regarding earnings forecasts due to the additional risk resulting from the more complex...
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This study provides empirical evidence regarding the effect of analysts' country familiarity on their forecast behavior. Prior research has generally agreed that local analysts outperform their nonlocal counterparts due to information advantage or local familiarity. However, the effect of...
Persistent link: https://www.econbiz.de/10012846977
We investigate the association between corporate international diversification and the accuracy and bias of consensus analysts' earnings forecasts. We find that greater corporate international diversification is associated with less accurate and more optimistic forecasts. Our results suggest...
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This paper introduces a simple methodology to forecast international trade. The main innovation is to calculate non-unitary expenditure elasticities of import demand implied by non-homothetic preferences in the previous year to be further combined with the current change in expenditure to...
Persistent link: https://www.econbiz.de/10013006843
Russia's positive balance of trade increased in Q1 2018 reflecting an increase of exports value amid slower growth of imports deliveries. Private capital outflow was observed triggered by the growth of foreign assets of Russian enterprises amid negative geopolitical expectations
Persistent link: https://www.econbiz.de/10012919585
We apply the EMF 23 study design to simulate the effects of the reference case and the scenarios to European natural gas supplies to 2025. We use GASMOD, a strategic several-layer model of European gas supply, consisting of upstream natural gas producers, traders in each consuming European...
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