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Can digital financial development improve the accuracy of corporate earnings forecasts

Author

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  • Wang, Peipei
  • Wang, Hongli

Abstract

Enhancing the precision of earnings forecasts contributes to heightened market openness, safeguards investors' interests, and fosters logical investment analysis. Based on A-share listed firms spanning 2011 to 2023, this paper explores how to enhance enterprises` earnings forecast accuracy in the digital era, examining the relationship between regional digital finance and corporate earnings forecast accuracy. The findings indicate that increasing regional digital finance can effectively improve enterprises' forecast accuracy, and the breadth of digital financial user adoption brings more pronounced optimizing effects. Further, this positive effect is brought by alleviating financing constraints, enhancing enterprises` internal control capability, and engaging digitization.

Suggested Citation

  • Wang, Peipei & Wang, Hongli, 2025. "Can digital financial development improve the accuracy of corporate earnings forecasts," Finance Research Letters, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325000984
    DOI: 10.1016/j.frl.2025.106833
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