Corporate International Diversification and Performance: An Economic Profit Viewpoint—Evidence from BRIC Companies

Author(s):  
Irina Ivashkovskaya ◽  
Dmitry Shcherbakov ◽  
Pavel Yakovenko
2002 ◽  
Vol 77 (2) ◽  
pp. 415-433 ◽  
Author(s):  
Augustine Duru ◽  
David M. Reeb

We investigate the association between corporate international diversification and the accuracy and bias of consensus analysts' earnings forecasts. We find that greater corporate international diversification is associated with less accurate and more optimistic forecasts. Our results suggest that international diversification reflects unique dimensions of forecasting difficulty that are not captured in previously identified determinants. This evidence suggests that as firms become more geographically diversified, forecasting their earnings becomes more complex.


2005 ◽  
Vol 22 (1) ◽  
pp. 65-88 ◽  
Author(s):  
Lin Tongli ◽  
Er Jwee Ping ◽  
Winston Kwok Chee Chiu

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