Abstract
We explore the impact of open government data on earnings forecast quality by analyzing China’s staggered establishment of open government data platforms. We find that open government data improves management earnings forecast quality by reducing data acquisition costs and lowering industry entry barriers. The effect is stronger for managers with greater competencies and no political affiliations, firms with higher stakeholder attention, and regions with lower development degree. Further analyses demonstrate the role of open government data in improving broader forecasting behaviors and in weakening immediate market reactions to forecasts. Overall, our study reveals the value creation role of public data. © 2025 City University of Hong Kong and National Taiwan University.
| Original language | English |
|---|---|
| Pages (from-to) | 902–924 |
| Number of pages | 23 |
| Journal | Asia-Pacific Journal of Accounting and Economics |
| Volume | 32 |
| Issue number | 5 |
| Online published | 20 Mar 2025 |
| DOIs | |
| Publication status | Published - 2025 |
Funding
This work was supported by the [National Natural Science Foundation of China] under Grant [number 72172116].
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 16 Peace, Justice and Strong Institutions
Research Keywords
- information acquisition costs
- management earnings forecast quality
- Open government data
- public data
- value creation
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