Canace, Thomas G.; Caylor, Marcus L.; Johnson, Peter M.; … - In: Journal of Accounting and Public Policy 29 (2010) 5, pp. 403-423
We examine whether Regulation Fair Disclosure (Reg FD) was effective in limiting the expectations management of US firms as well as ADR and foreign-listed firms to meet or beat analysts' earnings forecasts. Domestic US firms are required to comply with Reg FD; however, ADR firms are explicitly...