scholarly journals The Information Content of Management Earnings Forecast under Fair Disclosure - In the KOSDAQ market -

2010 ◽  
Vol null (26) ◽  
pp. 181-204
Author(s):  
Lee, Kyu-Jin
Keyword(s):  
Information Content ◽  
Earnings Forecast ◽  
Fair Disclosure ◽  
Management Earnings Forecast

scholarly journals Evaluation of Management Earnings Forecast Error and Information Content of Accruals: Listed Companies in Tehran Stock Exchange

2013 ◽  
Vol 4 (4) ◽  
pp. 119-129
Author(s):  
Mehdi Moradzadehfard
Keyword(s):  
Information Content ◽  
Stock Exchange ◽  
Forecast Error ◽  
Negative Relationship ◽  
Discretionary Accruals ◽  
Earnings Forecast ◽  
Management Forecasts ◽  
Management Forecast ◽  
Significant Negative Relationship ◽  
Management Earnings Forecast

Aim of this study is studying relation of management earnings forecast error and information content of accruals. Thus, the sample consists of 71 companies were selected for the period 2003-2011. In this study discretionary accruals is used as independent variables. The results suggest that there is a significant negative relationship between earnings management forecast error and the total discretionary accruals. These results indicate that other assumptions that management forecasts for financing through equity or debt generates a significant positive relationship between positive accruals and management earnings forecast error. In addition, through equity or debt financing outlook, there is no significant relationship between earnings forecast error and negative accruals.

Corporate governance and management earnings forecast behaviour

2018 ◽  
Vol 30 (2) ◽  
pp. 222-242 ◽  
Author(s):  
Larelle Chapple ◽  
Keitha Dunstan ◽  
Thu Phuong Truong
Keyword(s):  
Corporate Governance ◽  
Earnings Forecast ◽  
Management Earnings Forecast

Regulation FD and the Financial Information Environment: Early Evidence

2003 ◽  
Vol 78 (1) ◽  
pp. 1-37 ◽  
Author(s):  
Frank Heflin ◽  
K. R. Subramanyam ◽  
Yuan Zhang
Keyword(s):  
Stock Prices ◽  
Earnings Announcements ◽  
Relevant Information ◽  
Financial Information ◽  
Earnings Forecast ◽  
Forecast Errors ◽  
Informational Efficiency ◽  
The Public ◽  
Fair Disclosure ◽  
Regulation Fd

On October 23, 2000, the SEC implemented Regulation FD (Fair Disclosure), which prohibits firms from privately disclosing value-relevant information to select securities markets professionals without simultaneously disclosing the same information to the public. We examine whether Regulation FD's prohibition of selective disclosure impairs the flow of financial information to the capital markets prior to earnings announcements. After implementation of FD, we find (1) improved informational efficiency of stock prices prior to earnings announcements, as evidenced by smaller deviations between pre-and post-announcement stock prices; (2) no reliable evidence of change in analysts' earnings forecast errors or dispersion; and (3) a substantial increase in the volume of firms' voluntary, forward-looking, earnings-related disclosures. Overall, we find no evidence Regulation FD impaired the information available to investors prior to earnings announcements, and some of our evidence is consistent with improvement.

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