The Role of Supplementary Statements with Management Earnings Forecasts

By Amy P. Hutton, Gregory S. Miller, Douglas J. Skinner. 2003

633 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/09af8fc2dfb3d6fb25da83a33a2d1c9a09cb02b5

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Citations in the corpus

Spreading the Word: Price Discovery and Newswire Dissemination of Management Earnings Guidance (2016, background): “Next, I follow Hutton et al. (2003) and code the number of verifiable forward-looking statements and soft talk disclosures in each of these 100 releases, as well as counting the number of words in any direct quotes of management.”
The spillover effects of MD&A disclosures for real investment: The role of industry competition (2019, background): “, 2008; Kuhnen, 2015), and positive language is less credible than negative language, since managers may benefit from positive language more than from negative language (Lang and Lundholm, 2000; Hutton et al., 2003).”
What Do Management Earnings Forecasts Convey About the Macroeconomy (2013, neutral): “…A rationale offered for the former finding pertaining to the direction of the forecast news is that litigation and reputation concerns induce 11See Hutton et al. (2003), Skinner (1994), and Soffer et al. (2000) for examples documenting the asymmetric stock market response to good news and bad…”
Do pennies matter? Investor relations consequences of small negative earnings surprises (2010, background): “Kinney et al. (2002) find strong market reactions to small earnings surprises, but like Skinner and Sloan they find no evidence of asymmetry around zero.”
Beyond the Numbers: Measuring the Information Content of Earnings Press Release Language (2011, background): “For instance, Hutton et al. (2003) show that the subject matter of narrative disclosures accompanying management earnings forecasts has no effect on security prices unless the content of the disclosures is verifiable ex-post.”