Management earnings forecasts, security price variability, and the marginal information content of earnings announcements

The purpose of this study is to determine (1) whether management forecasts decrease the marginal information content of subsequent earnings announcements and (2) whether the market efficiently reflects the information contained in the management forecast. If management forecasts and subsequent earnings announcements convey similar information, the subsequent earnings announcement is expected to be less informative than the prior management forecast. Moreover, the earnings announcement preceded by a management forecast is also expected to be less informative than the earnings announcement without a previous management forecast.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Accountancy

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Liu, Chao-Shin

Contributors dc:contributor

• Ziebart, David A.

• Business Administration, Accounting

Statement dc:rights

• Copyright 1992 Liu, Chao-Shin

Language dc:language

eng

Identifier

AAI9236523
(UMI)AAI9236523

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/22923