부산대학교 도서관

This study examines to test the impact of hiring specialists in accounting and disclosure on the analyst forecast accuracy and forecast dispersion. This paper examines a relation between in-house specialists in accounting and disclosure and analyst forecast accuracy and forecast dispersion using a sample of 1,018 firm-year in listed from 2004 to 2008. Findings of this paper are following. First, we find that analyst forecast accuracy is not significantly number of in-house specialists in accounting and disclosure. But analyst forecast accuracy is positively existence of in-house specialists in accounting and disclosure. Second, analyst forecast dispersion is negatively existence of in-house specialists in accounting and disclosure. Also analyst forecast dispersion is negatively number of in-house specialists in accounting and disclosure. But analyst forecast dispersion is not significantly a qualitative characteristics of in-house specialists in accounting and disclosure. The study makes mainly some contributions. This study attempts to provide empirical evidence for in-house specialists in accounting and disclosure and analyst forecast accuracy and forecast dispersion. The results of this paper suggest that hiring specialists in accounting and disclosure gives a good signal in terms of transparency of accounting information. Therefore, this study is expected to provide implications to regulators, investors, company that interested in in-house specialists in accounting and disclosure.