Sell-side financial analyst social network and forecast accuracy
Year: 2025
Type: article
Abstract: Based on a unique dataset in China from 2012 to 2021, we find that sell-side financial analysts' social network improves analysts' forecast accuracy. Specifically, we find that analysts with a more central position in social networks based on corporate site visits generally have more face-to-face opportunities to learn from their peers, significantly improving their forecast performance. Such a social learning effect exists when more influential peers attend corporate site visits and when forecasted firms with higher information uncertainty.
Institutions: University of Macau, Sun Yat-sen University, Cardiff University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $1,930
OpenAlex ID: W4413214319