Chen, Shuping; Matsumoto, Dawn; Rajgopal, Shiva - In: Journal of Accounting and Economics 51 (2011) 1, pp. 134-150
We investigate firms that stop providing earnings guidance (“stoppers”) either by publicly announcing their decision (“announcers”) or doing so quietly (“quiet stoppers”). Relative to firms that continue guiding, stoppers have poorer prior performance, more uncertain operating...