- Article
Patent Citations and Financial Analysts’ Long-Term Growth Forecasts
- Jincheol Bae,
- Wonchang Hur,
- Jaehong Lee and
- Jaimin Goh
This paper examines the influence of patent citations, a proxy for the quality of firms’ innovation outputs, on financial analysts’ long-term growth forecasts for firms. We find that financial analysts are more likely to issue long-term forecasts for...