search query: @indexterm Business forecasting / total: 147
reference: 31 / 147
Author: | Lev, B. Penman, S.H. |
Title: | Voluntary forecast disclosure, nondisclosure, and stock prices |
Journal: | Journal of Accounting Research
1990 : SPRING, VOL. 281, p.49-76 |
Index terms: | FORECASTING BUSINESS FORECASTING |
Language: | eng |
Abstract: | The authors consider managerial earnings forecasts as voluntary information releases and compare their properties with predictions from a signaling scenario. Empirical studies have documented that these releases are associated with changes in the stock prices of the forecasting firms, making these forecasts credible disclosures. The main finding of the paper is that stock prices of the nondisclosing firms are not affected negatively by nondisclosure. |
SCIMA