Political uncertainty and analysts’ forecasts: International evidence

Narjess Boubakri, Lobna Bouslimi, Rui Zhong

Research output: Contribution to journalArticlepeer-review

Abstract

This study examines the influence of political uncertainty proxied by national election on analysts’ forecasts across 28 countries. We find analysts’ forecasts’ accuracy decreases, and the optimism increases in national election years compared to these in non-election years. Further analysis supports information opacity, local political connections, politically sensitives industries and the quality of institutions channels through which political uncertainty affects the analysts’ forecasts.

Original languageEnglish
Article number100971
JournalJournal of Financial Stability
Volume59
DOIs
Publication statusPublished - Apr 2022

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