| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Chen, Po-Jung | en_US |
| dc.creator (作者) | Lin, Wen-Chun | en_US |
| dc.date (日期) | 2012 | |
| dc.date.accessioned | 11-Jun-2018 17:04:32 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:04:32 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:04:32 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117543 | - |
| dc.description.abstract (摘要) | 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. | en_US |
| dc.format.extent | 252439 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, Vol.36, No.1, pp.66-77 | zh_TW |
| dc.subject (關鍵詞) | Strategic interaction; Financial analyst; Forecast revision; New product strategy | en_US |
| dc.title (題名) | The Impact of Strategic Interaction on Earnings Expectations Associated with Corporate Product Strategies | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jbankfin.2011.06.006 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.jbankfin.2011.06.006 | |
