International Diversification and Analysts' Forecast Accuracy and Bias

By Augustine Duru, David M. Reeb. 2002

454 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/93c08e5e522cbe44e1af7965ff1e51271f0fb349

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Citations in the corpus

Information Environment and the Investment Decisions of Multinational Corporations (2013, background): “For example, cross border frictions such as geographic dispersion, and cultural and language differences make it difficult for firms to incentivize the subsidiary managers (Roth and O'Donnell, 1996; Duru and Reeb, 2002).”
Tax Aggressiveness and Corporate Transparency (2019, unknown): “Prior work shows that greater corporate international diversification (Duru and Reeb, 2002), technology-induced informational complexity (Gu and Wang, 2005) and financial statement-related complexity (Hodder, Hopkins and Wood, 2008) are associated with less accurate analysts’ forecasts.”
High-level politically connected firms, corruption, and analyst forecast accuracy around the world (2010, methodology): “Our choice of control variables is guided by Francis, LaFond, Olsson, and Schipper (2004), Hope (2003), and Duru and Reeb (2002).”
The Financial Analyst Forecasting Literature: A Taxonomy with Suggestions for Further Research (2008, unknown): “Duru and Reeb (2002) Archival, I/B/E/S, 1995-1998.”
Intangible Assets, Information Complexity, and Analysts’ Earnings Forecasts (2005, background): “For example, Duru and Reeb (2002) find that international diversity in firms’ operations increases analysts’ forecast error, due to greater exposure to international economic factors that increase earnings volatility and analysts’ unfamiliarity with these factors.”
Managerial Empire Building and Firm Disclosure (2008, background): “These measures are hypothesized to be affected by non-disclosure of geographic earnings because geographic earnings disclosures relate to the reporting of foreign operations.”
Customer Satisfaction, Analyst Stock Recommendations, and Firm Value (2010, unknown): “Duru and Reeb 2002 !”
Do Analysts Understand the Economic and Reporting Complexities of Derivatives (2016, unknown): “Along these lines, prior research finds that the complexity of mergers (Haw et al. 1994), intangibles (Barth et al. 2001), international diversification (Duru and Reeb 2002), and corporate taxes (Plumlee 2003) influence the forecasting decisions of analysts.”
The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts (2011, unknown): “…are influenced by firms‟ accounting choices (Hopkins et al. 2000; Bradshaw et al. 2008), changes in the tax law (Plumlee 2003), the clarity of the income effects of specific financial items (Hirst and Hopkins 1998; Hirst et al. 2003), and international diversification (Duru and Reeb 2002).”