Corporate Groups and Stock Pricing in Japan –Information Transfer Effects of Earnings Forecast Revision-
AbstractIn this study we empirically examine whether the earnings forecast revisions released by the membership firms within Japanese corporate groups have information transfer effects over other membership firms in order to analyze the extent to which the horizontal and vertical corporate groups are functioning effectively in the Japanese economy. We find evidence confirming the existence information transfer effects for both horizontal and vertical corporate groups. In the case of horizontal groups, we also show that earnings forecast revisions involving bad news have information transfer effects, while those involving good news do not..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Research Institute for Economics & Business Administration, Kobe University in its journal Kobe Economic & Business Review.
Volume (Year): 51 (2007)
Issue (Month): (February)
Japanese corporate groups; main bank system; earnings forecast revision; information transfer effects;
Find related papers by JEL classification:
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Office of Promoting Research Collaboration, Research Institute for Economics & Business Administration, Kobe University).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.