Private Earnings Guidance and its Implications for Disclosure Regulation

By I. Wang. 2007

213 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6a3105b10583d3f999dcdef527890c1407dbe661

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Citations in the corpus

Have Financial Markets Become More Informative (2016, unknown): “In contrast, Wang (2007) reports that after the passage of Reg.”
Board interlocks and the diffusion of disclosure policy (2014, unknown): “and Wang (2010) find that top executives exhibit unique styles in their firms’ voluntary disclosure choices and show that such manager-specific fixed effects are associated with observed demographic”
Does Silence Speak? An Empirical Analysis of Disclosure Choices during Conference Calls (2010, unknown): “higher proprietary costs, an appropriate response is to replace selective disclosure with nondisclosure (Wang 2007).”
Management Earnings Forecasts: A Review and Framework (2008, unknown): “Economic theory suggests that proprietary costs are an important deterrent to full voluntary disclosure, including management earnings forecasts ͑Verrecchia 1983͒.”
What’s My Style? The Influence of Top Managers on Voluntary Corporate Financial Disclosure (2010, unknown): “…information costs are less likely to issue public earnings foreasts, so we control for two measures of proprietary information costs: R&D, the firm’s R&D xpenditures scaled by total assets Wang 2007 , and Mkt-Bk, the firm’s market-to-book ratio Bamber and Cheon 1998; Ajinkya et al. 2005 .”
The benefits of specific risk-factor disclosures (2016, unknown): “Most noticeably, we test for the effect of proprietary costs (ProprietaryCost) using R&D expense scaled by beginning-ofyear total assets (e.g., Albring et al. 2016; Dambra et al. 2015; Ellis et al. 2012; Wang 2007; King et al. 1990).”
Corporate Jets and Private Meetings with Investors (2018, unknown): “Yermack (2006) finds sustained underperformance by firms that allow the CEO to use the corporate jet for personal travel.”
Professional Investor Relations within the Firm (2014, background): “…FD had a direct impact on areas related to key strategic goals of IR: disclosure, analyst following, institutional investor ownership, liquidity, and market valuation (Heflin et al. 2003; Bushee et al. 2004; Gintschel and Markov 2004; Eleswarapu et al. 2004; Mohanram and Sunder 2006; Wang 2007).”
Do Investors Benefit from Selective Access to Management? (2017, unknown): “1 A partial list of these studies includes: Heflin, Subramanyam and Zhang [2003], Bailey, Li, Mao and Zhong [2003], Bushee, Matsumoto and Miller [2004], Eleswarapu, Thompson and Venkataraman [2004], Francis, Nanda and Wang [2006], Wang [2007], and Duarte, Han, Harford and Young [2008].”