This study investigates the use of revised analyst forecast information that is released following management disclosures. I extend the prior literature by examining the relationship between the contents of analyst forecast revisions and the content of management disclosures. I provide evidence...

Analysts' behavior is important, because they play a significant role in the capital market. Prior studies already show the effects of firm characteristics on analysts' behavior, however, there was a lack of research analyzing the effects of audits on financial analysts' behavior. Therefore, I...