In recent years, researchers have become increasingly interested in the credibility of public
companies' earnings forecasts. However, so far most of the research has been done in the …

This paper examines whether the prohibition of selective disclosures to equity research
analysts mandated by Regulation FD alters the amount of information and the manner in …

This paper uses periods of unusually heavy earnings estimate revision activity by analysts to
assess the relative usefulness of corporate information events (CIEs) in firm valuation …

This study develops a framework to compare the ability of alternative earnings forecast
approaches to capture the market expectation of future earnings. Given prior evidence of …

The objective of recent disclosure regulation (eg, Regulation Fair Disclosure [FD]) is to
reduce selective disclosure, the practice of releasing financial information to selected users …

1. Introduction A management forecast is one type of voluntary disclosures released prior to
an earnings announcement date. Management forecast is an important source of …

I investigate the extent and quality of information provided by listed companies through the
Australian Securities Exchange (ASX), and the likelihood of additional private or selective …

We investigate how the market and analysts react to management annual earnings
guidance. We find that the market responses to negative and positive guidance surprises …

While the linkage between firms' announcement of corporate quarterly earnings and
stakeholder reactions has been widely studied, much less is known about the possible …

The paper studies how institutional shareholders respond to management earnings
forecasts. Following the Bushee (1998) classification of three types of institutional investors …