Blockchain adoption and analyst forecast accuracy

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2024-09-16 DOI:10.1016/j.ribaf.2024.102593

Fenghua Wang , Qiang Ye , Jiang Li , Wen Shi

引用次数: 0

Abstract

We examine the relationship between corporate blockchain adoption and analyst forecast accuracy. We manually collect the blockchain usage data of public firms from the Factiva news database. Using a staggered Difference-in-Differences method, we find that analyst forecast accuracy significantly improves after firms adopt blockchain technology. In addition, the change in analyst coverage could be the potential explanation for this result.

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区块链的采用与分析师预测的准确性

我们研究了企业区块链应用与分析师预测准确性之间的关系。我们从 Factiva 新闻数据库中手动收集上市公司的区块链使用数据。利用交错差分法，我们发现企业采用区块链技术后，分析师的预测准确性显著提高。此外，分析师覆盖率的变化可能是这一结果的潜在解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance