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CDS trading and managers' voluntary disclosure
Kim, Jae B.; Shroff, Pervin; Vyas, Dushyantkumar; … - 2017 - This draft: July, 2017
forecast more frequently when traded CDSs reference their firms. We further find a stronger impact of CDS availability on firm …
Persistent link: https://www.econbiz.de/10011721688
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Management earnings forecasts and analyst forecasts : evidence from mandatory disclosure system
Wang, Yutao; Chen, Yunsen; Wang, Juxian - In: China journal of accounting research : CJAR 8 (2015) 2, pp. 133-146
Distinct from the literature on the effects that management earnings forecasts (MEFs) properties, such as point, range and qualitative estimations, have on analyst forecasts, this study explores the effects of selective disclosure of MEFs. Under China’s mandatory disclosure system, this study...
Persistent link: https://www.econbiz.de/10011844432
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Restatement Disclosures and Management Earnings Forecasts
Ettredge, Michael - 2012
We examine the impact of financial restatements on managers' subsequent earnings forecasts. We argue that restatements create conflicting incentives. One incentive is to repair manager reputations as information providers by providing more and better guidance via earnings forecasts. The opposing...
Persistent link: https://www.econbiz.de/10013115210
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The Effects of Operating Cash Flow Disclosure on Earnings Comparability, Analysts’ Forecasts, and Firms’ Investment Decisions during the Pre-IFRS Era
Caban-Garcia, Maria T. - 2020
is available. We also find decreases in analysts' forecast errors and dispersion and a decrease in firms' tendency to …
Persistent link: https://www.econbiz.de/10012834277
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The Consequences of Management Earnings Forecast Regulation : Stock Price Informativeness and Disclosure Externalities
Ke, Bin - 2019
We examine the consequences of a management earnings forecast regulation implemented in a staggered manner. The … stock price informativeness of the directly affected firms that issue a forecast. The regulation also helps increase the …
Persistent link: https://www.econbiz.de/10012893690
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Are Earnings Forecasts Informed by Proxy Statement Compensation Disclosures?
Larocque, Stephannie - 2019
the magnitude and direction of analysts' forecast revisions are positively associated with unexplained CEO compensation …, however. Analysts' forecast errors measured months after the DEF14A release are associated with past unexplained compensation …
Persistent link: https://www.econbiz.de/10012898620
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The Effect of Analyst Forecasts During Earnings Announcements on Investor Responses to Reported Earnings
Lobo, Gerald J. - 2020
reinforcing and contradicting analyst forecast revisions issued during earnings announcements (days 0 and 1) on the market … response to unexpected earnings. We classify forecast revisions as reinforcing (contradicting) when the sign of analyst … forecast revisions agrees (disagrees) with the sign of unexpected earnings. We document larger (smaller) earnings response …
Persistent link: https://www.econbiz.de/10012856674
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How Disaggregated Forecasts Influence Investor Response to Subsequent Earnings Announcements
Clor-Proell, Shana - 2018
forecast and the subsequent earnings announcement. Thus, when firms disaggregate forecasts and subsequently release … multiple benchmarks. Thus, we show that issuing a disaggregated earnings forecast to achieve the associated benefits can …
Persistent link: https://www.econbiz.de/10012933212
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Management earnings guidance as a commitment device
Black, Dirk E.; Gipper, Brandon; Stocken, Phillip C. - 2021
. The failure of management to attain a forecast may reflect poorly on its industry understanding, knowledge of the firm …
Persistent link: https://www.econbiz.de/10012585955
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Intangibles and management earnings forecasts
Khallaf, Ashraf; Kannan, Yezen - In: China journal of accounting research : CJAR 17 (2024) 2, pp. 1-20
We investigate how the accounting treatment of intangible assets on managers' likelihood of issuing voluntary earnings guidance (MEF). We find that unrecognized intangibles (immediately expensed) are negatively associated with MEF issuance, while recognized intangibles (capitalized) show a...
Persistent link: https://www.econbiz.de/10014580183