alternative measures of uncertainty. We also find that expected volatility reflects managers' private information about their … predictive power of expected volatility shrinks when managers have stronger incentives to manage earnings. Overall, we provide … forecast volatility …

. The failure of management to attain a forecast may reflect poorly on its industry understanding, knowledge of the firm …

Managers often explain their earnings forecasts by linking forecasted performance to their internal actions and the … investors should consider when forecasting earnings. We investigate why managers choose to provide attributions with their … absolute price reactions to management forecasts, more negative price reactions to management forecasts (forecast news held …

We examine the relation between managerial ability and management forecast accuracy. We find that forecast accuracy is … positively associated with managerial ability in the case of sales forecasts. Specifically, more able managers are associated … with lower magnitude's forecast errors in the case of sales forecasts. Additional analysis finds that managerial ability is …

forecast news is stronger. These effects are more pronounced when the GC's managerial status is higher. Overall, our results …

expectations. We therefore hypothesize that convex equity incentives, which reward managers for stock price gains while limiting … document a significantly positive association between equity incentive convexity and forecast issuance and frequency. This … suggests that the risks arising from providing voluntary disclosures are important considerations in managers' disclosure …

managers' prediction of cost behavior of their company. Forecasted costs are available by subtracting forecasted earnings from … because earnings are the aggregated measure of sales and costs. The major findings of this paper are that managers … direction of change in sales. These findings imply that optimistic bias in management earnings forecasts can partly be …

earnings depends on the assumption that managers can accurately assess future earnings prospects. In this regard, we posit that … the predictive ability of dividends can vary with managers’ forecasting ability. Analyzing a large sample of Japanese …-forecasting ability managers. Our findings support the signaling theory of dividend changes and indicate that management forecasting …

activities. This study finds that forecast accuracy increases, while forecast dispersion and revision volatility decrease with …