Managerial forecast disclosure has gained increasing interest. Besides voluntary publication,managers are more and more obliged to disclose forecasts by recent accountingregulation. This acknowledges the common proposition that forecasts were exceptionallyrelevant and decision useful information...

This paper discusses the ability of models on cheap talk, and of audit and liability regulations, to provide analytically-based assessment of credibility of management forecast disclosure in market and regulated settings. While credibility is linked to restrictive conditions in pure market...

Managerial forecast disclosure has gained increasing interest. Besides voluntary publication, managers are more and more obliged to disclose forecasts by recent accounting regulation. This acknowledges the common proposition that forecasts were exceptionally relevant and decision useful...