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 financial analysts' earnings and cash flow forecasts improve firm value. Second, we analyze whether the quality of analysts' cash flow forecasts improve firm value. The empirical...
