An empirical assessment of the effect of corporate international diversification on firm debt and value

2015 ◽  
Vol 2 (3) ◽  
pp. 229
Author(s):  
Kingsley O. Olibe ◽  
James C. Flagg ◽  
Zabihollah Rezaee
Keyword(s):  
International Diversification ◽  
Empirical Assessment ◽  
Corporate International Diversification

International Diversification and Analysts' Forecast Accuracy and Bias

2002 ◽  
Vol 77 (2) ◽  
pp. 415-433 ◽  
Author(s):  
Augustine Duru ◽  
David M. Reeb
Keyword(s):  
Forecast Accuracy ◽  
Earnings Forecasts ◽  
International Diversification ◽  
Corporate International Diversification ◽  
Consensus Analysts

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.

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