Hu, Bill; Hwang, Joon Ho; Jiang, Christine - In: Journal of Business Finance & Accounting 41 (2014) 1-2, pp. 73-99
This paper studies the impact of quarterly earnings guidance cessation on information asymmetry using a large sample of firms during the years 2002–11. After earnings guidance cessation, information asymmetry may increase because less information is provided to the market. Alternatively,...