Collaborating with Data Aggregators and the Estimize.com Setting

Journal of Financial Reporting, 2024 [10.2308/jfr-2022-021]

60 Pages Posted: 20 May 2024

See all articles by Joshua Khavis

Joshua Khavis

University at Buffalo (SUNY) - School of Management

Han-Up Park

University of Saskatchewan - Edwards School of Business

Date Written: June 14, 2024

Abstract

Our paper aims to assist researchers interested in generating new data and conducting field experiments to devise strategies for collaborating with startups and online platforms such as Estimize.com (Estimize). Specifically, we provide advice on collaborating with data aggregators in general and share past experiences working with Estimize, an online platform that crowdsources forecasts of earnings, revenue, key performance indicators (KPIs), and economic indicators. We inform academics about the opportunities and challenges of collaborating with online platforms such as Estimize by documenting prior successful and unsuccessful collaboration attempts and by sharing Estimize's responses to our questions regarding what they deem important for collaboration. We also present details on the unique archival datasets currently available through Estimize, discuss important events impacting the platform, explain potential ways to generate new data by collaborating with the platform, highlight how the setting's distinguishing features can help test accounting theories, and discuss limitations.

Keywords: crowdsourcing, experiments, data aggregator, earnings forecasts, analysts, consensus forecast, Estimize

JEL Classification: M40, B40, C81, C90, C93

Suggested Citation

Khavis, Joshua and Park, Han-Up, Collaborating with Data Aggregators and the Estimize.com Setting (June 14, 2024). Journal of Financial Reporting, 2024 [10.2308/jfr-2022-021], Available at SSRN: https://ssrn.com/abstract=4829752 or http://dx.doi.org/10.2308/jfr-2022-021

Joshua Khavis

University at Buffalo (SUNY) - School of Management ( email )

346 Jacobs Management Center
Buffalo, NY NY 14260
United States
7166453274 (Phone)

Han-Up Park (Contact Author)

University of Saskatchewan - Edwards School of Business ( email )

Saskatchewan
Canada

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