Information Technology Capability, Management Forecast Accuracy, and Analyst Forecast Revisions
研究了高信息技术能力的企业能否提高管理层预测的准确性，以及分析师是否更依赖这些预测来修正自己的预测。
SYNOPSIS Prior literature has firmly established the relationship between IT capability and firm performance. In this paper, we extend the research in this field and investigate (1) whether IT capability contributes to management forecast accuracy, and (2) whether IT capability improves the informativeness of management forecasts and enhances the extent to which analysts incorporate management forecasts in their revisions. Using firms listed on InformationWeek 500 as our high IT capability group, we empirically demonstrate that firms with high IT capability are able to increase management forecast accuracy, and that analysts incorporate more information from management forecasts in their revisions if the firm has high IT capability.