Management Earnings Guidance and Stock Price Crash Risk
Hutton, Marcus, and Tehranian (JFE 2009) show that more transparent financial reporting of earnings reduces the likelihood of a future stock price crash. We extend their work by examining how management earnings guidance is related to such crash risk. Accounting for endogeneity in guidance decisions...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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Online Access: | https://ink.library.smu.edu.sg/soa_research/1008 http://www.rieb.kobe-u.ac.jp/tjar/conference/3rd/1P-1_NG%20(Revised).pdf |
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Institution: | Singapore Management University |
Language: | English |
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