Management Forecasts of Volatility
In: Review of Accounting Studies, Band 2021, Heft (2)
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In: Review of Accounting Studies, Band 2021, Heft (2)
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Working paper
In: Contemporary Accounting Research, Forthcoming
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Working paper
In: International Perspectives on Accounting and Corporate Behavior; Advances in Japanese Business and Economics, S. 261-283
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Working paper
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Working paper
In: Public personnel management, Band 11, Heft 2, S. 118-125
ISSN: 0091-0260
In: Public personnel management, Band 11, Heft 2, S. 118-125
ISSN: 1945-7421
In: The Accounting Review, forthcoming
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In: Accounting Horizons 2022; doi: https://doi.org/10.2308/HORIZONS-19-108
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In: The Rand journal of economics, Band 55, Heft 4, S. 788-814
ISSN: 1756-2171
AbstractManagement earnings forecasts (MEF), a form of voluntary disclosure, are different from most other disclosures because MEF have spillover effects on managers' subsequent operating decisions and earnings reports. These effects arise from managers' attempts to reduce their forecast errors. Even though managers can separate their firms from less profitable firms by issuing forecasts the latter cannot match, there is no equilibrium where all managers issue forecasts. We show that managers who issue (resp., don't issue) MEF choose above (resp., below) first‐best operating actions. We identify which managers issue MEF and why allowing managers to misreport earnings may increase expected earnings.
In: Contemporary Accounting Research, Forthcoming
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In: Journal of business ethics: JBE, Band 140, Heft 2, S. 353-367
ISSN: 1573-0697
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In: Management Science (2019) 65: 439–457;
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