HOW DO INVESTORS PERCEIVE LONG-TERM GROWTH TARGETS AND FORECAST HORIZONS IN STRATEGIC PLANS? EVIDENCE FROM ITALIAN FIRMS

HOW DO INVESTORS PERCEIVE LONG-TERM GROWTH TARGETS AND FORECAST HORIZONS IN STRATEGIC PLANS? EVIDENCE FROM ITALIAN FIRMS

We examine the information content of strategic-plans’ long-term growth targets (SPLTG) and of strategic-plans’ forecast horizons (SPFH). Using a sample of 224 strategic plan presentations by Italian listed companies during the period 2002–2018, we provide evidence that the SPLTG conveys credible an...

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Bibliographic Details
Main Author: GIUSEPPE DI MARTINO
Format: Article
Language:English
Published: World Scientific Publishing 2019-12-01
Series:Journal of Financial Management, Markets and Institutions
Subjects:
forecast horizon
information content
long-term growth forecast
strategic plan
value relevance
Online Access:http://www.worldscientific.com/doi/epdf/10.1142/S2282717X1950004X

Internet

http://www.worldscientific.com/doi/epdf/10.1142/S2282717X1950004X

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