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
Publisher: Center for International Education and Research in Accounting, University of Illinois at Urbana-Champaign
Series Title: The International Journal of Accounting Education and Research vol:42 issue:3 pages: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.
ISSN: 0020-7063
VABB publication type: VABB-1
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Non-KU Leuven Association publications
× corresponding author
# (joint) last author

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