题　目：Mobile Internet and Analyst Forecast Performance

嘉　宾：Sterling Huang Associate Professor Singapore Management University

主持人：黄立 助理教授 上海交通大学安泰经济与管理学院

时　间：2024年05月08日（周三）14:00-15:30

地　点：上海交通大学 徐汇校区安泰楼A503室

内容简介:

We study the impact of mobile internet technology on analyst forecast performance. Mobile internet facilitates uninterrupted access to various types of information and provides productivity tools for professionals. As such, it can help financial analysts gain immediate access to information and integrate it into their forecasts, leading to improved forecast timeliness. Mobile internet may also allow analysts to gather or receive additional information more promptly, improving forecast accuracy. Our tests utilize the rollout of 3G mobile internet in the U.S. and include both continuous treatment and sharp-increase differences-in-differences models, comparing forecast characteristics for a given firm-year across analysts with varying degrees of access to mobile internet. Results indicate that enhanced access to mobile internet results in significant improvements in analysts’ forecast timeliness and accuracy. We link these improvements empirically to the rollout of productivity apps, and confirm their effect with a tool particularly pertinent for analysts, the Bloomberg app.

演讲人简介：

Professor Sterling Huang is an Associate Professor of Accounting at School of Accountancy at Singapore Management University. He is also the Program Co-Director of Master of Science in Accounting Data Analytics. Professor Huang has published several works in leading academic journals such as the Journal of Accounting Research, The Accounting Review, Review of Financial Studies, Management Science, Strategic Management Journal, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Contemporary Accounting Research. His main research interests lie in the broad research areas of how different corporate governance mechanisms could address agency conflicts and improve corporate decisions. His work has been cited multiple times in major media outlets and practitioner forums, such as Wall Street Journal, Thomson Reuters, Bloomberg, INSEAD Knowledge, Harvard Business Review, Booz & Co Strategy & Business Magazine, Baron’s Magazine, Chief Executive Magazine, American Banker Online, Finance & Development (IMF), the Harvard Law School Forum on Corporate Governance and the Columbia Law School’s Blog on Corporations and the Capital Markets.

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