政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/117543

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113656/144643 (79%)
Visitors : 51725498 Online Users : 634

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大典藏 > College of Commerce > Department of Finance > Periodical Articles > Item 140.119/117543

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/117543

Title:	The Impact of Strategic Interaction on Earnings Expectations Associated with Corporate Product Strategies
Authors:	陳聖賢 Chen, Sheng-Syan Chen, Po-Jung Lin, Wen-Chun
Contributors:	財管系
Keywords:	Strategic interaction;Financial analyst;Forecast revision;New product strategy
Date:	2012
Issue Date:	2018-06-11 17:04:32 (UTC+8)
Abstract:	We examine how strategic interaction in an industry influences the earnings expectations of financial analysts with regard to new product strategies. We find that following announcement of new products, analysts revise earnings forecasts upward more for announcing firms competing in low-strategic interaction industries than for firms competing in high-strategic interaction industries. For value-enhancing (value-reducing) product strategies, earnings forecast revisions are more favorable for rivals competing under a high (low) degree of strategic interaction than for rivals competing under a low (high) degree of strategic interaction. Overall empirical evidence indicates that the nature of strategic competition within the industry is important in assessing the market expectations of earnings for new product announcers and their rivals.
Relation:	Journal of Banking and Finance, Vol.36, No.1, pp.66-77
Data Type:	article
DOI link:	http://dx.doi.org/10.1016/j.jbankfin.2011.06.006
DOI:	10.1016/j.jbankfin.2011.06.006
Appears in Collections:	[Department of Finance] Periodical Articles

Files in This Item:

File	Description	Size	Format
6677.pdf		246Kb	Adobe PDF2	432	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...