"Recent years have witnessed an exponential growth in corporate governance. Improvements in corporate governance practice are being orchestrated at a global level. International bodies such as the Organization for Economic Cooperation and Development (OECD) have developed internationally...

This paper examines factors influencing voluntary forecast disclosure by target companies, whether good/bad news forecasts are disclosed and the influence of forecasts on the outcome of hostile bids. Disclosure was significantly more likely during contested bids. In agreed bids, probability of...