to forecast future earnings accurately. This suggests that additional information is released during conference calls …. The reduction in forecast error is economically significant and larger in magnitude when compared to results for the US …

we expect to be associated with the prevalence of the analyst walk-down forecast pattern. Based on a large sample of 50 … forecast bias involves various forces including a country's institutional infrastructure, and firm and analyst characteristics …

Several recent empirical papers assert that the decision to disclose an earnings forecast shortly before the actual … dynamic model of voluntary disclosure, we show that the decision to disclose a short-term earnings forecast reveals managers … decision to disclose a short-term earnings forecast predicts earnings three years beyond the forecasted period, and that the …