Abstract
This paper examines the impact of corporate financing constraints on the accuracy of earnings forecasts using the sample of non-financial firms in Shanghai and Shenzhen A-shares from 2008 to 2020. The empirical results reveal that the degree of corporate financing constraints reduces the accuracy of earnings forecasts. Further research finds that this effect is mainly achieved through the reduction of firms' financial performance. In addition, the effect of financing constraints on the accuracy of earnings forecasts is also influenced by media attention and firms' risk-taking level.
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