that attempts to examine GAAP forecast errors without an explicit GAAP forecast. We begin with research exploring investors …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 …

management earnings forecasts. Managers often provide detailed forecasts of specific income statement line items to shed light on … how they plan to achieve their bottom-line earnings targets. We assess the effect of this forecast disaggregation on the … forecasts, we find that disaggregation increases analysts' sensitivity to the news in managers' earnings guidance, suggesting …

Managers have a variety of tools at their disposal to influence stakeholder perceptions. Earnings management and the … press release and the likelihood that it will do so aggressively. We first investigate situations where managers already …. We find that when solid operating performance alone allows firms to meet expectations, managers do not employ earnings …