Do Managers use Meeting an Analyst Forecast to Signal Private Information?

This paper investigates whether managers meet analyst forecasts to signal private information about the underlying value of one specific type of asset – patents. Prior research shows thereare a disproportionate number of firms that just meet analyst forecasts and there is compelling evidence of the...

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Bibliographic Details
Main Authors: Fedyk, Tatiana, Gunny, Katherine, ZHANG, Tracey Chunqi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
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Online Access:https://ink.library.smu.edu.sg/soa_research/9
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Institution: Singapore Management University
Language: English