The purpose of this dissertation is to develop an empirical framework which can be used to analyze management's voluntary forecast disclosure decisions. In the first part of this dissertation, a cogent theory of incentives for voluntary disclosure of management forecasts is developed and...

This study examines the inferential bias due to the failure to control for self-selection when studying the market's reaction to management earnings forecasts. The analysis is conducted by controlling for self-selection and comparing the results to those obtained when self-selection is not...