TY - JOUR
T1 - Political uncertainty and analysts’ forecasts
T2 - International evidence
AU - Boubakri, Narjess
AU - Bouslimi, Lobna
AU - Zhong, Rui
PY - 2022/4
Y1 - 2022/4
N2 - 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.
AB - 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.
KW - Analysts’ forecasts
KW - Information asymmetry
KW - National elections
KW - Political connection
KW - Political uncertainty
UR - http://www.scopus.com/inward/record.url?scp=85123856172&partnerID=8YFLogxK
U2 - 10.1016/j.jfs.2022.100971
DO - 10.1016/j.jfs.2022.100971
M3 - Article
AN - SCOPUS:85123856172
VL - 59
JO - Journal of Financial Stability
JF - Journal of Financial Stability
SN - 1572-3089
M1 - 100971
ER -