This study examines whether firms' risk management policies (i.e., the use of derivatives to hedge firm risk) are associated with the frequency and informativeness of management earnings forecasts. We offer three main results. First, we find that management forecasts increase after firms begin...

Approximately 90 percent of managers' earnings forecasts are issued simultaneously with their firm's current earnings announcement – a practice referred to as the “bundling” of earnings information. We examine whether managers bias these forecasts conditional on the news conveyed in...

We comprehensively examine the superiority of various statistical methods and analysts’ forecasts in predicting earnings to provide an updated view on the best surrogate of earnings expectations. We also evaluate the impact of specification choices used in recent studies that implement ML...

The marijuana industry is booming. It is expanding into new states while it grows beyond the medical marijuana market into the recreational world. What was once illicit profit is quickly becoming on-the-books gains. As the industry matures, billions will be made, and companies once viewed...