Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5086819 | Journal of Accounting and Economics | 2012 | 18 Pages |
Abstract
⺠I examine the role of manager credibility in investors' responses to management forecasts. ⺠I find the market response to forecast news increases with managers' prior forecasting accuracy. ⺠Above effect is subsumed when I control for the firm's prior forecasting history. ⺠I show that idiosyncratic individual styles matter most when information uncertainty is high. ⺠Individual managers still benefit from establishing a personal disclosure reputation.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Holly I. Yang,