Guidance Frequency and Guidance Properties: The Effect of Reputation-Building and Learning-by-Doing

• Main Authors: BHOJRAJ, Sanjeev, LIBBY, Robert, YANG, Holly I.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: management forecasts; earnings guidance; guidance frequency; learning; Accounting; Business Law, Public Responsibility, and Ethics
• Online Access: https://ink.library.smu.edu.sg/soa_research/1164; https://ink.library.smu.edu.sg/context/soa_research/article/2163/viewcontent/GuidanceFrequencyProperties_Reputation_2012_wp.pdf
• Institution: Singapore Management University

Different firms issue earnings guidance at dramatically different rates. We suggest that frequent guiders more likely represent a type of firm that is attempting to develop a reputation for enhanced disclosures through their guidance issuances. Furthermore, the desire to build a reputation and the o...