This study constitutes an examination of the effects of political connectedness on management forecast revisions. Two types of management forecasts (e.g. sales revenue and net income) are examined by focusing on the change in the Japanese government. Using Japanese soft contribution data as a...

This study examines whether the quality of management investment forecasts is associated with corporate investment efficiency. The main result finds that firms with more accurate management forecasts about capital expenditure and R¥&D expense make more efficient investments that are closer to...