styles affect their perceived credibility, then the stock price reaction to forecast news should increase with managers …' prior forecasting accuracy. Consistent with this prediction, I find that the stock price reaction to management forecast …

We examine the disclosure choice faced by managers when a previously-issued earnings forecast becomes inaccurate. In … some cases, managers explicitly update the forecast with a revised earnings estimate, while in other cases, managers … withdraw the original forecast without providing an update. We find that the latter choice, unexplored in prior research, has …

earnings announcement disclosures as a measure of commitment. In settings characterized by imperfect market competition, I find … competition). In particular, my results suggest that consistency and timeliness are salient features of firms' disclosure behavior … underlying information quality; however, consistent with theory, it is conditional on low levels of market competition …

more likely among firms: (1) in high technology industries; (2) reporting losses; (3) with larger forecast errors; (4 …