This paper examines whether sell-side analysts struggle to cope with macroeconomic uncertainty. We find that analysts issue more accurate earnings forecasts when facing higher economic policy uncertainty, which conflicts with the conclusions in the US. We provide a novel explanation for this...

Existing studies on the impact of social media on the information efficiency of capital markets have opposing views. As a core feature of social media, the role of investor interaction is often overlooked. To fill this gap, using the social network analysis (SNA) method, we examine the...

Existing studies on the impact of social media on the information efficiency of capital markets have opposing views. As a core feature of social media, the role of investor interaction is often overlooked. To fill this gap, using the social network analysis (SNA) method, we examine the...

This paper examines whether sell-side analysts struggle to cope with macroeconomic uncertainty. We find that analysts issue more accurate earnings forecasts when facing higher economic policy uncertainty, which conflicts with the conclusions in the US. We provide a novel explanation for this...