the structural organization of the firm affects the costs and benefits managers face when communicating financial … information to external market participants. We also provide an explanation for why managers miss their own forecasts as well as … why managers issue pessimistic forecasts …

, we provide descriptive evidence on the country-level institutional determinants and economic consequences of forecast … forecast disaggregation, frequency, precision, and attribution vary significantly with the business and accounting environment …

accounting figures of higher reporting quality. Moreover, pessimistic managers provide more persistent accounting figures than … optimistic managers. Finally, the evidence suggests that forecasting activity occurrence indicates different quality implications …

We examine the consequences of a management earnings forecast regulation implemented in a staggered manner. The … stock price informativeness of the directly affected firms that issue a forecast. The regulation also helps increase the …

the magnitude and direction of analysts' forecast revisions are positively associated with unexplained CEO compensation …, however. Analysts' forecast errors measured months after the DEF14A release are associated with past unexplained compensation …

' earnings forecasts. We show that measures of prior consensus and individual analyst forecast pessimism are predictive of both … with a relatively high probability of forecast pessimism experience significantly higher announcement returns than those … difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do …

that attempts to examine GAAP forecast errors without an explicit GAAP forecast. We begin with research exploring investors …' preferences for GAAP versus non-GAAP earnings. We find that traditionally-identified GAAP forecast errors are subject to 37 …

To provide evidence on the role macroeconomic uncertainty plays in managers' decision to issue management earnings … with managers assigning a higher cost to releasing forward-looking information as macroeconomic uncertainty increases. We … also find that managers issue fewer good and bad news MFs, but more neutral MFs during periods of high macroeconomic …