Political Patronage and Analysts’ Forecast Precision
| dc.contributor.author | Abdul Wahab, Effiezal Aswadi | |
| dc.contributor.author | How, J. | |
| dc.contributor.author | Verhoeven, P. | |
| dc.contributor.author | Park, J. | |
| dc.date.accessioned | 2018-08-08T04:43:46Z | |
| dc.date.available | 2018-08-08T04:43:46Z | |
| dc.date.created | 2018-08-08T03:50:32Z | |
| dc.date.issued | 2018 | |
| dc.identifier.citation | Abdul Wahab, E.A. and How, J. and Verhoeven, P. and Park, J. 2018. Political Patronage and Analysts’ Forecast Precision. Journal of Contemporary Accounting and Economics. 14 (3): pp. 307-320. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/70164 | |
| dc.identifier.doi | 10.1016/j.jcae.2018.07.003 | |
| dc.description.abstract |
We test whether the channel by which the government plays the role of political patron to selected firms influences analysts’ forecast precision in Malaysia. Correcting for analysts’ self-selection bias, we find a negative relation between analysts’ forecast errors and the social dimension of political patronage, as proxied by government-controlled institutional ownership. The reverse is found for the economic dimension of political patronage, as proxied by the percentage shareholding of government-linked corporations. We find no evidence that the personal dimension of political patronage influences analysts’ forecast precision. | |
| dc.publisher | Elsevier | |
| dc.title | Political Patronage and Analysts’ Forecast Precision | |
| dc.type | Journal Article | |
| dcterms.source.volume | 14 | |
| dcterms.source.number | Forthcoming | |
| dcterms.source.startPage | 307 | |
| dcterms.source.issn | 1815-5669 | |
| dcterms.source.title | Journal of Contemporary Accounting and Economics | |
| curtin.department | School of Accounting | |
| curtin.accessStatus | Open access |