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the credibility they lend to the announcing managers. Using a sample of 762 earnings forecasts for the period of 2002 …
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Does earnings management, even though legal, hinder investor trust in reported earnings? Or do investors regard earnings management as a way for firms to convey private information, or simply as a neutral feature of financial reporting? We find that past abstinence from earnings management...
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governors suffer from a generic credibility problem. Federal Reserve chairman appointments stand out in terms of their unusually …
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