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Do natural disasters hinder analysts’ information production of non-affected firms?

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Listed:
  • Wang, Qilin
  • Huang, Yehua
  • Zhao, Mengyao
  • Liu, Jinzhao

Abstract

This paper demonstrates that natural disasters increase analyst forecast bias on non-affected firms through attention distraction. The results hold in robustness checks, and the impact is enhanced in firms with worse information environment and analysts with poorer attention management capability.

Suggested Citation

  • Wang, Qilin & Huang, Yehua & Zhao, Mengyao & Liu, Jinzhao, 2024. "Do natural disasters hinder analysts’ information production of non-affected firms?," Economics Letters, Elsevier, vol. 234(C).
    • Handle: RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523005372
    DOI: 10.1016/j.econlet.2023.111511
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    References listed on IDEAS

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    More about this item

    Keywords

    Natural disaster; Spillover effect; Distraction; Analyst forecast bias;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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