This paper synthesizes the literature on management earnings forecasts (MFs) and adaption
mechanisms, combines existing theories into a unifying framework, and discusses the …

As climate-induced physical and transition risks to corporations are becoming more and
more material, investors are increasingly scrutinizing a patchwork of voluntary climate …

This study examines the effect of a conditional management earnings forecast mandate on
voluntary disclosure and the properties of analyst forecasts in China, where firms are …

Using a proprietary dataset collected by the National Bureau of Statistics of the People's
Republic of China (NBS), we are able to compare earnings reported to the NBS in the pre …

Abstract Harry Markowitz passed on June 22, 2023; some four years short of reaching 100
years old. Dr. Markowitz was not a traditional economist. That fact was well-established and …

This study examines the association between pilot CEOs and management earnings
forecasts. We find that firms with pilot CEOs are associated with a lower likelihood of issuing …

笔者以2008—2013 年A 股非金融上市公司为样本, 从分析师关注度及机构持股比的角度出发,
对管理层会计信息披露行为是否受到资本市场外部监督者的影响进行了实证检验. 研究发现 …

This study documents a stock return premium for meeting or beating management's own
earnings guidance (MBMG) that is separate and distinct from the premium for meeting or …

Previous research indicates that analysts' forecasts are superior to time series models as
measures of investors' earnings expectations. Nevertheless, research also documents …

We study circumstances when analysts' forecasts diverge from managers' forecasts after
management guidance, and the consequences of this divergence for investors and analysts …