Seeing is believing: analysts’ corporate site visits

@article{Cheng2016SeeingIB,
  title={Seeing is believing: analysts’ corporate site visits},
  author={Q. Cheng and F. Du and X. Wang and Y. Wang},
  journal={Review of Accounting Studies},
  year={2016},
  volume={21},
  pages={1245-1286}
}
This study examines the impact of corporate site visits on analysts’ forecast accuracy based on a sample of such visits to Chinese listed firms during 2009–2012. We find that analysts who conduct visits (“visiting analysts”) have a greater increase in forecast accuracy than other analysts. Consistent with the notion that site visits facilitate analysts’ information acquisition through observing firms’ operations, we find that the results are stronger for manufacturing firms, firms with more… Expand
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