Just over a year after the initial COVID-19 shutdown, the United States finds itself as one of the worst-hit nations in the world in terms of COVID infections and deaths per capita. While the cost of delayed action in addressing the pandemic can be debated, one thing that cannot be is when the...

The economic impact of the COVID-19 pandemic has been felt around the world. In the United States, the severity and speed of the spread of the virus led to the fastest recession in US market history, going from a historical peak to the recession's (current) low point in less than a month. A vast...

Prior studies identify several motives for why firms release management earnings forecasts (MFs). A common feature of such studies is they pool MFs when drawing inferences about a specific motive. By ignoring the heterogeneous rationales managers have to issue MFs, pooling could lead to biased...