Oh, Min Hyun; Park, Sambock; Kim, Jong Hyun - In: International Journal of Financial Studies : open … 8 (2020) 4/60, pp. 1-24
We examine whether analysts' cash flow forecasts improve firm value. First, we analyze whether the joint issuance of … analysts' cash flow forecasts has a significantly positive effect on firm value; the more accurate cash flow forecasts are, the …' cash flow forecasts improve firm value. The empirical results of our study are as follows. First, the joint issuance of …