Prague Economic Papers 2026, 35(3):372-415 | DOI: 10.18267/j.pep.916
Do supplier analysts react to customers' data asset information disclosure?
- Rumeng Yang (Corresponding Author), School of Economics and Management, Harbin Institute of Technology, Shenzhen, China
- Delin Wu, School of Economics and Management, Harbin Institute of Technology, Shenzhen, China
This study examines whether customers' data asset information disclosure improves suppliers' analysts forecast accuracy. Using data from Chinese firms between 2010 and 2024, this study uses text analysis to measure the degree of data asset information disclosure. The findings suggest that more customer data asset disclosure reduces analyst forecast errors for supplier firms, thereby improving analyst forecast accuracy for supplier firms. The results are robust to various endogeneity and robustness checks. The mechanism analysis shows that customer data asset disclosure improves forecast accuracy by enhancing information transparency and signaling customers' future performance. The effect is more pronounced in firms with more stable supply chain relationships, higher customer concentration, and when customers belong to high-tech industries. Overall, this study provides new empirical evidence that customers' data asset information has a significant spillover effect along the supply chain by offering analysts additional information to better understand supplier firms' performance and make more accurate forecasts.
Klíčová slova: analyst forecasts; data asset information disclosure; supply chain; information spillover
Klasifikace JEL: G30
Vloženo: 8. září 2025; Revidováno: 15. březen 2026; Přijato: 15. duben 2026; Zveřejněno online: 8. září 2026; Zveřejněno: 10. září 2026 Zobrazit citaci
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