COVID-19 pandemic, limited attention, and analyst forecast dispersion

Zhang, Jinjin; Wu, Jiankang; Luo, Yufei; Huang, Zhegang; He, Ruzhen

doi:10.1016/j.frl.2022.103322

Cited by 9 publications

(2 citation statements)

References 25 publications

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“…Unlike prior literature, we investigate the impact of sentiment resulted from the change of COVID-19, which is a focus of society. Existing studies show that the COVID-19 epidemic can affect the capital market significantly, such as the analyst's forecasts ( Zhang et al, 2022 ), trading and returns ( Bing and Ma, 2021 ), and individual investor sentiment ( Sun et al, 2021 ). More specifically, apart from the whole sentiment under the environment of COVID-19, we capture the more detailed sentiment using various fields of news about COVID-19, including the medical, travelling, uncertain and vaccines’ aspects.…”

Section: Prior Literature and Hypotheses Developmentmentioning

confidence: 99%

Firms' exposures on COVID-19 and stock price crash risk: Evidence from China

Kong

Jin

Liu

et al. 2023

Finance Research Letters

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Section: Prior Literature and Hypotheses Developmentmentioning

confidence: 99%

Firms' exposures on COVID-19 and stock price crash risk: Evidence from China

Kong

Jin

Liu

et al. 2023

Finance Research Letters

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“…It is interesting to understand the effect of the C19 pandemic on analyst behavior and the quality of their forecasts. Zhang et al (2022) find that the exposure of analysts to a C19 lockdown reduces the dispersion of their forecasts. Along with the forecast dispersion, the number of earnings forecasts issued by treated analysts decreases, supporting the attention distraction channel.…”

Section: Corporate Disclosure During Times Of Heightened Uncertaintymentioning

confidence: 99%

Governance mechanisms, accounting regulation, and corporate disclosure in the aftermath of Covid‐19: Novel research questions and methodological opportunities

Bonacchi

Botosan

Nanda

et al. 2023

Corporate Governance

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Research IssueIn this commentary, we sought to highlight research opportunities in terms of how governance mechanisms, accounting regulation, and corporate disclosure were affected by Covid‐19 (C19) and shaped the economic landscape in the post‐C19 period.Research InsightsThe outbreak of the C19 triggered significant researchers' interests in the fields of business and economics for two main reasons: first, to the economic and social consequences of the crisis, and the impact of various policy interventions enacted by governments and supra‐national institutions worldwide and, second, the availability of microdata on the spread of the pandemic and vaccines, complemented economic and financial data to assess the effects of policy interventions in curtailing the crisis.Theoretical/Academic ImplicationsWe envision two potential avenues for further study: first, research on the impact of C19 and policy interventions in areas of interest, and, second, using the C19 disruption as a “laboratory” to unravel research questions on how various characteristics of firms, governments, and regulatory bodies affect the response to systemic crises, assuming that pre‐existing characteristics are not related to the crisis event.Policy ImplicationsRelevant and rigorous research on the effects of C19 and the policy interventions is likely to be informative to governments, financial regulators, and supra‐national institutions facing future instances of systemic crisis.

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The role of environmental justice: Environmental courts, analysts' earnings pressure and corporate environmental governance

Wang,

Zhang

2024

Environmental Impact Assessment Review

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COVID-19 pandemic, limited attention, and analyst forecast dispersion

Cited by 9 publications

References 25 publications

Firms' exposures on COVID-19 and stock price crash risk: Evidence from China

Firms' exposures on COVID-19 and stock price crash risk: Evidence from China

Governance mechanisms, accounting regulation, and corporate disclosure in the aftermath of Covid‐19: Novel research questions and methodological opportunities

The role of environmental justice: Environmental courts, analysts' earnings pressure and corporate environmental governance

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