Author : Marvin Pfister
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)
Book Synopsis The Effect of Language on Financial Analysts' Forecast Accuracy in Continental Western Europe by : Marvin Pfister
Download or read book The Effect of Language on Financial Analysts' Forecast Accuracy in Continental Western Europe written by Marvin Pfister and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis analyses the effect of language differences to English on financial analysts' earnings forecast accuracy in the context of conference calls in Continental Western Europe. By adopting different perspectives, the influence of analysts', senior executives', and firms' language distance relative to English is examined applying various statistical methods. Empirical results support the hypotheses that the greater the language distance to English, the lower the accuracy of financial analysts' forecasts. Additional statistical examinations consider the impact on accuracy of operational complexity in terms of firms' business segment diversification as well as geographical dispersion. Moreover, interaction effects are detected by treating operational complexity as moderators. The study's findings not only advance research on accounting, finance, and intercultural communication literature but also provide new insights into the interaction of analysts and managers and thus contribute to investor relations research.