A Review of Related Literature Review on the Accuracy of Securities Analysts' Earnings Forecast

Abstract

Analysts play a pivotal role in the capital market. As an important information transmission medium between listed companies and investors, securities analysts use their superb professional level and information advantages to integrate and analyze the financial data and business information of listed companies, and publish research through published research. Analytical reports assist investors in making decisions. In recent years, there have been numerous cases of fraudulent research report information in my country. The quality of research report information has been criticized, and domestic analysts have also become the target of criticism. They are facing an unprecedented crisis of trust. Therefore, how to improve the accuracy of analysts' forecasts has become an urgent problem at present. The article systematically sorts out research results at home and abroad, and reviews the literature from three aspects: the role of analyst forecasts, influencing factors and economic consequences, which has important practical significance for stabilizing the market economic order and improving the efficiency of resource allocation.