Flu fallout: information production constraints and corporate disclosure

• Main Authors: CHEN, Chen., LI, leonard Leye., LU, Louise Yi., WANG, Rencheng
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2023
• 主題: Corporate Disclosure; Information production constraints; Flu epidemic; Management forecast; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/2020; https://ink.library.smu.edu.sg/context/soa_research/article/3047/viewcontent/CLLW_FluOut_2023__1_.pdf

Using influenza epidemic data, we examine how constraints on corporate information production affect disclosure policies. We find that firms in areas with higher flu activity are less likely to issue short-run earnings forecasts and more likely to issue long-run earnings forecasts. These results are...