Journal of Financial Stability Vol. 59 2022
Political uncertainty and analysts’ forecasts: International evidence
Abstract
This study examines the influence of political uncertainty proxied by national election on analysts’ forecasts across 28 countries. We find analysts’ forecasts’ accuracy decreases, and the optimism increases in national election years compared to these in non-election years. Further analysis supports information opacity, local political connections, politically sensitives industries and the quality of institutions channels through which political uncertainty affects the analysts’ forecasts.
- DOI
- 10.1016/j.jfs.2022.100971
- Volume
- 59
- Pages
- 100971
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref