KIM, YONGTAE; LACINA, MICHAEL; PARK, MYUNG SEOK - In: Journal of Accounting Research 46 (2008) 4, pp. 885-908
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We examine positive and negative information transfers associated with management earnings and revenue forecasts. Positive information transfers are due to industry commonalities whereas negative information transfers are caused by competitive shifts. We argue that positive and negative...
