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ABSTRACT
We examine the effect of financialization on management earnings forecasts. Using a sample of Chinese main board listed companies over 8 years, we find that financialization decreases the probability and frequency of issuing management earnings forecasts. The results imply that financialization impedes firms’ information disclosure and may negatively affect their long-term performance.
Disclosure statement
No potential conflict of interest was reported by the authors.
Additional information
Funding
This work is supported by ‘the Fundamental Research Funds for the Central Universities’, Zhongnan University of Economics and Law [202111104].