语言多样性、信息获取与分析师盈余预测质量

发布时间：2018-04-20 18:30

本文选题：语言多样性 + 员工教育水平　；参考：《管理科学学报》2017年04期

【摘要】：考察了语言多样性对分析师盈余预测质量的影响,以及这种影响如何因员工教育水平的不同而变化.基于中国上市公司的实证检验结果显示,语言多样性显著降低了分析师盈余预测质量,但是随着公司员工受教育水平提高,语言多样性对分析师盈余预测质量的负面影响有所减弱.进一步研究发现,分析师与CEO间的校友关系增强了员工教育水平对语言多样性与分析师盈余预测准确性之间关系的正向调节作用.研究结论一定程度上丰富了分析师私有信息获取及其影响机理以及社会关系等方面的文献,而且还可帮助投资者、监管者等利益相关方更好地理解分析师行为,促进资源合理配置,增强资本市场的有效性等方面具有一定的启示意义.
[Abstract]:This paper examines the influence of linguistic diversity on the quality of earnings prediction by analysts and how this effect varies with the educational level of employees. Empirical results based on Chinese listed companies show that linguistic diversity significantly reduces the quality of analysts' earnings forecasts, but as their employees' education level increases, The negative impact of linguistic diversity on the quality of analysts' earnings forecasts has weakened. Further research found that the alumni relationship between analysts and CEO enhanced the positive adjustment of employee education to the relationship between language diversity and analysts' earnings prediction accuracy. To some extent, the findings enrich the literature on the access to private information and its influence mechanism and social relations, and can help investors, regulators and other stakeholders to better understand the behavior of analysts. To promote the rational allocation of resources and enhance the effectiveness of the capital market has certain enlightenment significance.
【作者单位】：上海财经大学会计学院;浙江农林大学暨阳学院;上海财经大学会计与财务研究院;
【基金】：国家自然科学基金重点资助项目(71032005) 教育部重点研究基地重大资助项目(15JJD630008) 浙江省自然科学青年基金资助项目(LQ16G020011) 上海财经大学创新团队支持计划资助项目(2014110319)
【分类号】：F272.92;F832.51

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