International Diversification and Microfinance

2009 ◽  
Author(s):  
Rients Galema ◽  
Robert Lensink ◽  
Laura Spierdijk
Keyword(s):  
International Diversification

U.S. Multinationals as Vehicles for International Diversification

CFA Digest ◽  
2001 ◽  
Vol 31 (3) ◽  
pp. 102-103
Author(s):  
William H. Sackley
Keyword(s):  
International Diversification

International Diversification and Analysts' Forecast Accuracy and Bias

2002 ◽  
Vol 77 (2) ◽  
pp. 415-433 ◽  
Author(s):  
Augustine Duru ◽  
David M. Reeb
Keyword(s):  
Forecast Accuracy ◽  
Earnings Forecasts ◽  
International Diversification ◽  
Corporate International Diversification ◽  
Consensus Analysts

We investigate the association between corporate international diversification and the accuracy and bias of consensus analysts' earnings forecasts. We find that greater corporate international diversification is associated with less accurate and more optimistic forecasts. Our results suggest that international diversification reflects unique dimensions of forecasting difficulty that are not captured in previously identified determinants. This evidence suggests that as firms become more geographically diversified, forecasting their earnings becomes more complex.

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