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• W2884774482 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." @default.
• W2884774482 created "2018-08-03" @default.
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• W2884774482 date "2018-12-01" @default.
• W2884774482 modified "2023-10-18" @default.
• W2884774482 title "Political patronage and analysts’ forecast precision" @default.
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• W2884774482 doi "https://doi.org/10.1016/j.jcae.2018.07.003" @default.
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