An experimental investigation of investors' and analysts' reactions to management guidance.
This study examines how the form of managements’ earnings guidance (point, narrow range, wide range) affects analysts’ earnings forecasts. Results from two experiments demonstrate that: (1) guidance form has no effect on analysts’ forecasts made immediately after the guidance; and (2) after the act...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Research Report |
| Language: | English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/14219 |