Browse by author
Lookup NU author(s): Ibrahim Al-Aamri, Professor Simon Hussain, Dr Chen SuORCiD
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
This paper reveals the important role played by brokerage house size in determining the utility of segment data to financial analysts. Brokerage house size is a proxy both for analysts’ access to company managers and for their access to in-house expertise. Using data for large UK firms, we reveal that the shift to International Financial Reporting Standard 8 (IFRS8) led to significant improvements in forecast accuracy for analysts in large brokerage houses but not for those in small brokerage houses. In addition, the forecasting ability of analysts in smaller brokerage houses was impaired when segments represented lines-of-business. No such effect was evident in the case of large brokers’ analysts. We link these findings to the improved insight which analysts in large brokers obtained from their superior access to managers and in-house support
Author(s): Al-Aamri I, Hussain S, Su C, Hsu H
Publication type: Article
Publication status: Published
Journal: Journal of International Accounting, Auditing and Taxation
Year: 2022
Volume: 47
Print publication date: 01/06/2022
Online publication date: 20/05/2022
Acceptance date: 08/03/2022
Date deposited: 08/03/2022
ISSN (electronic): 1061-9518
Publisher: Elsevier
URL: https://doi.org/10.1016/j.intaccaudtax.2022.100472
DOI: 10.1016/j.intaccaudtax.2022.100472
ePrints DOI: 10.57711/r0hz-r430
Altmetrics provided by Altmetric