Profit forecasts are rarely disclosed in the UK except in prospectuses, circulars and during takeover bids. There are few regulations governing the content of profit forecasts. Under stock exchange rules these forecasts must be reported on by both reporting accountants and the merchant bankers...

In developing and testing a mediating model of psychic distance, this paper bridges the gap between two distinct approaches to the concept on psychic distance - defining and measuring the construct in terms of exogenous national level differences, and defining and measuring it in terms of the...