Cost stickiness, earnings forecast accuracy, and the informativeness of stock prices about future earnings: evidence from China

Descriptive statistics

As can be seen from Table 1, the average value and standard deviation of Sticky are −0.174 and 1.150, respectively, which indicates that cost stickiness of listed companies is high, but the gap between companies is large. The average value of Loss is 0.098, indicating that 9.8% of the listed companies have suffered losses. The average value of Roa is 0.044, indicating that the average profitability of Chinese listed companies is 4.4%. The average value and standard deviation of MB are 4.156 and 7.007, respectively, indicating that China’s listed companies have…