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Answer this question: In one of the readings for this week, Byard et al "find that analysts’ forecast accuracy is positively related to firms’ governance quality."  If you were a director or senior executive, would you care about analysts’ forecast accuracy?  Why or why not?  Assuming that forecast accuracy is important, how would you try to improve it, from a governance perspective?

Do peer review of this question: In one of the readings this week, Daines et al examine the relevance of ratings of the quality of a company’s governance.  Should (i) analysts, (ii) directors, (iii) executives, or (iv) investors care about such ratings?  Choose one of these four categories and share your thoughts.

Peer’s answer:  In my opinion, investors should care about ratings of the quality of a company's governance. The ratings of the quality of a company's governance can provide investors with much information about a company's operating situation. The ratings can also help investors forecast the future development of a company and investors can use the ratings as a kind of tool to evaluate the company they wish to invest and help them make decisions.