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研究生:王嘉敏
研究生(外文):Chia-MinWang
論文名稱:產業知識與分析師預測精確性
論文名稱(外文):Industry knowledge and analysts’ forecast accuracy
指導教授:陳政芳陳政芳引用關係
指導教授(外文):Jeng-Fang Chen
學位類別:碩士
校院名稱:國立成功大學
系所名稱:會計學系
學門:商業及管理學門
學類:會計學類
論文種類:學術論文
論文出版年:2015
畢業學年度:103
語文別:英文
論文頁數:26
中文關鍵詞:分析師知識預測精確性
外文關鍵詞:Analyst knowledgeforecast accuracy
相關次數:
  • 被引用被引用:0
  • 點閱點閱:119
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本研究分析以兩種層級來探討分析師產業知識預測精確性的影響。第一種是分析師層級的產業知識。第二種券商層級的產業知識。實證結果指出,在分析師層級的產業知識,並未發現與分析師預測精確性有關連性。在券商層級的產業知識,則與分析師盈餘預測準確度成顯著正向關係。整體而言,本研究發現券商層級產業知識越高可幫助分析師獲得產業知識,進而提高分析師盈餘預測的精確性。
We analyze the effects of an analyst’s industry expertise, as measured at analyst and broker levels, on forecast accuracy. We find that analyst’s industry expertise at analyst-level has no relation with forecast accuracy. We also find that an analyst’s industry expertise at broker-level is helpful for the analyst to issue superior earnings forecasts. Overall, our results suggest that broker-level industry expertise can help analysts to obtain complementary information, and thus has a positive effect on forecast accuracy.
Contents
I. Introduction 1
II. Prior Literature and Hypotheses Development 4
III. Sample Selection 7
3.1 Sample and Data 7
3.2 Inter-industry Relatedness 7
IV. Research Design and Descriptive Statistics 9
4.1 Research Design 9
4.2 Descriptive Statistics 13
4.3 Correlation Matrix 14
V. Empirical Results 18
5.1 Multivariate Analysis 18
5.2 Robustness Test 19
VI. Conclusions 23
References 24

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