haku: @author Baginski, S. P. / yhteensä: 4
viite: 2 / 4
| Tekijä: | Baginski, S. P. Hassell, J. M. Kimbrough, M. D. |
| Otsikko: | The Effect of Legal Environment on Voluntary Disclosure: Evidence from Management Earnings Forecasts Issued in U.S. and Canadian Markets |
| Lehti: | Accounting Review
2002 : JAN, VOL. 77:1, p. 25-50 |
| Asiasana: | CANADA MANAGEMENT FORECASTING |
| Kieli: | eng |
| Tiivistelmä: | Citing fear of legal liability as a partial explanation, prior research documents (1) managers' reluctance to voluntarily disclose management earnings forecasts, and (2) greater forecast disclosure frequencies in periods of bad news. The authors provide evidence on how management earnings forecast disclosure differs between the United States (U.S.) and Canada, two otherwise similar business environments with different legal regimes. Canadian securities laws and judicial interpretations create a far less litigious environment than exists in the U.S. The authors find a greater frequency of management earnings forecast disclosure in Canada relative to the U.S. |
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