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东财·会计与财务论坛：田梓辰
报告题目：Does Ethnicity Similarity Affect Analysts Forecasts?
报告人：田梓辰
报告时间：2026年1月18日（周日）10:00--11:30
报告地点：#腾讯会议 977-196-453
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
I examine whether ethnicity similarity between sell-side analysts and corporate senior officers shapes analysts’ forecasting behavior. The baseline results show that ethnicity similarity is associated with higher forecast frequency and larger initial forecast errors. Cross-sectional evidence indicates that the effect attenuates when firms’ information transparency is higher, is amplified in more diversity-friendly settings, and does not fade with analyst–firm tenure. Importantly, I find that the larger initial forecast error induced by ethnicity similarity comes from overestimation and disappears for analysts’ last forecasts, consistent with bias coming from innate favoritism and dissipating as public information accumulates within the fiscal year. However, the market does not discount co-ethnic analysts’ first forecast revisions and reacts more strongly to their last forecast revisions within the fiscal year, suggesting that investors do not fully understand the implications of ethnicity similarity. Finally, I find that ethnicity similarity is positively associated with minority analysts’ access to management during conference calls and the likelihood of analyst coverage.
【报告人简介】
田梓辰，新加坡管理大学会计学院博士生（全奖），预计于2026年6月毕业。本科毕业于西安交通大学金禾经济研究中心，硕士毕业于威斯康星大学麦迪逊分校经济系。主要研究方向包括审计、分析师预测、监管机构、ESG鉴证等。目前已在《南开管理评论》及Managerial Auditing Journal发表论文，并在第24届中国实证会计研讨会及2026 Journal of Contemporary Accounting & Economics (JCAE) Annual Symposium报告论文。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
撰稿：郭亚飞 初审：刘冰 终审：许浩然
单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
