Capital Market Consequences of Managers' Voluntary Disclosure Styles

• Main Author: YANG, Holly I.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Management credibility; Earnings guidance; Management forecasts; Management styles; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1159; https://ink.library.smu.edu.sg/context/soa_research/article/2158/viewcontent/SSRN_id1691394.pdf
• Institution: Singapore Management University

This paper studies the capital market consequences of managers establishing an individual forecasting style. Using a manager-firm matched panel dataset, I examine whether and when manager-specific credibility matters. If managers' forecasting styles affect their perceived credibility, then the...