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http://hdl.handle.net/1942/9069
Title: | Does the financial analysts' usage of non-financial information influence the analysts' forecast accuracy? Some evidence from the Belgian sell-side financial analyst | Authors: | ORENS, Raf LYBAERT, Nadine |
Issue Date: | 2007 | Source: | The International Journal of Accounting, 42. p. 237-271 | Abstract: | This paper examines whether the use of non-financial information by sell-side financial analysts influences the accuracy of analysts' forecasts. The research findings, based on a survey of Belgian financial analysts, suggest that financial analysts who use more forward-looking information and more internal-structure information offer more accurate forecasts. Furthermore, the listed Belgian firms examined in this study have improved their non-financial information reporting over time. However, neither the frequency nor the quantity of non-financial information mentioned by financial analysts in their reports appears to have increased over time. | Document URI: | http://hdl.handle.net/1942/9069 | ISSN: | 0020-7063 | Category: | A1 | Type: | Journal Contribution | Validations: | vabb 2010 |
Appears in Collections: | Research publications |
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