Do Managers Use Meeting Analyst Forecasts to Signal Private Information? Evidence from Patent Citations

• Main Authors: Gunny, Katherine, ZHANG, Tracey Chunqi
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2014
• 主題: signaling; analyst forecasts; earnings management; patents; research and development; Accounting; Corporate Finance; Technology and Innovation
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1349; https://ink.library.smu.edu.sg/context/soa_research/article/2348/viewcontent/SSRN_id2465962.pdf

This study examines whether firms manage earnings to meet analyst forecasts to signal superior future performance. Prior research finds that firms use earnings management to just meet analyst forecasts and that these firms have a positive association with future performance (Bartov et al., 2002). Th...