کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5086601 1478184 2015 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Discussion of “On Guidance and Volatility”
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Discussion of “On Guidance and Volatility”
چکیده انگلیسی

Billings et al. (2015) hypothesize that managers issue guidance in response to increased market uncertainty about their firm's prospects, and that guidance is an effective way of reducing increased uncertainty. They test these hypotheses by examining changes in implied option volatility for a sample of firms that issue guidance in conjunction with earnings announcements. The findings support their hypotheses, but there are challenges in their interpretation given prior evidence that predictable information events cause similar patterns in implied option volatility.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 60, Issues 2–3, November–December 2015, Pages 136-140
نویسندگان
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