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 …

the stock return volatility, first, at the release of a management earnings forecast, and second, at the eventual … surrounding a management earnings forecast for those firms who release them compared to a matched-firm sample of firms without a … management earnings forecast at that date, and then further examines that result based on different forecast antecedents and …

The purpose of a management earnings forecast is to forecast the eventual earnings figure released to the market at the … lower for firms who do release a management earnings forecast compared to those who do not, contingent on forecast accuracy …. The empirical results show otherwise, specifically that for firms issuing a management earnings forecast, which is ex post …

We document an improvement in analysts’ forecast accuracy following increased sector ETF ownership. We identify a …, analysts have an opportunity to re-optimize their attention to firm-specific information and improve forecast accuracy …

reductions in the mispricing of forecast bias and declines in earnings announcement premia. We further find some evidence that … managers use income-increasing accruals to meet the crowdsourced forecast benchmark and that they respond to crowdsourced …