Corporations have a major impact on the lives of people in developing countries. Not only do they determine the shape of the international economy, but also many private companies now provide essential social services that were previously the responsibility of government. The growth of corporate...

We examine how information disclosures from private firms affect analysts’ public firm earnings forecasts. On one hand, private firm disclosures allow analysts to better understand industry-wide business conditions, enabling them to forecast the peer public firm earnings more accurately. On...