We examine how the sudden drop in public information search capability caused by Google’s withdrawal from China affects Chinese analysts’ earnings forecasts. We observe, after Google’s withdrawal, a decline in analysts’ forecast accuracy for firms with foreign trade relative to those...

We study the impact of analysts’ foreign experience on their forecasting performance in emerging markets. Using a comprehensive hand-collected dataset from China, we show that analysts with foreign experience tend to issue more accurate earnings forecasts. We exploit staggered implementation...

The business press generally reports news in quarterly earnings announcements based on the difference between actual earnings and two salient benchmarks: earnings of the same quarter in the previous year, and a consensus drawn from a distribution of forecasts by financial analysts. We evaluate...