This study examines the relation between bank competition and the quality of management forecasts for Japanese banks. The quality of management forecasts is measured by the accuracy of management earnings forecasts. The results show that banks with higher market power are likely to issue more...

The paper presents a linear model of product quality in scientific competition.The only outputs of research are published papers; the onlyinputs are labor and papers by other researchers, which are cited whenused. Researchers compete for status, measured as their rank in a citationscount. If...