reason that firms followed by more analysts have relatively less optimistic bias is that their managers are relatively more … differential 'profits management.' The paper discusses implications of the results for studies of analysts forecast bias, earnings …Managerial behavior differs considerably when managers report quarterly profits versus losses. When they report profits …

find that their legal expertise, accounting expertise and foreign experience helps improve management earnings forecast …

We examine whether attribution bias that leads managers who have experienced short-term forecasting success to become … overconfident in their ability to forecast future earnings. Importantly, this form of overconfidence is endogenous and dynamic. We … also examine the effect of this cognitive bias on the managerial credibility. Consistent with the existence of dynamic …

to the IAB Establishment Panel. Quite surprisingly, the study reveals the average forecast to be significantly … overpessimistic. I propose that the non-existence of a general bias towards overoptimism is due to the lack of incentives to …

forecast errors and accruals, which we label “managers' accrual-related forecast bias.” We build on extensive research which … bias in their forecasts. We also find a substantial decline in managers' accrual-related forecast bias following the … importantly, we find that the effect of forecasting difficulty on managers' accrual-related forecast bias occurs only in the pre …

. We find CEOs frequently achieve analyst forecasts, but rarely achieve bonus goals exceeding the forecast. Despite lower …

, we find that the executive cash compensation is positively related to management forecast error (MFE) for a sample of …