Can digital financial development improve the accuracy of corporate earnings forecasts

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-01-20 DOI:10.1016/j.frl.2025.106833

Peipei Wang, Hongli Wang

引用次数: 0

Abstract

Enhancing the precision of earnings forecasts contributes to heightened market openness, safeguards investors' interests, and fosters logical investment analysis. Based on A-share listed firms spanning 2011 to 2023, this paper explores how to enhance enterprises` earnings forecast accuracy in the digital era, examining the relationship between regional digital finance and corporate earnings forecast accuracy. The findings indicate that increasing regional digital finance can effectively improve enterprises' forecast accuracy, and the breadth of digital financial user adoption brings more pronounced optimizing effects. Further, this positive effect is brought by alleviating financing constraints, enhancing enterprises` internal control capability, and engaging digitization.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance