AJINKYA, BIPIN; BHOJRAJ, SANJEEV; SENGUPTA, PARTHA - In: Journal of Accounting Research 43 (2005) 3, pp. 343-376
We investigate the relation of the board of directors and institutional ownership with the properties of management earnings forecasts. We find that firms with more outside directors and greater institutional ownership are more likely to issue a forecast and are inclined to forecast more...