To Guide Or Not to Guide? Causes and Consequences of Stopping Quarterly Earnings Guidance

205 citations recorded by the source corpus.

Citations in the corpus

The Market Reward for Achieving Analyst Earnings Expectations: Does Managing Expectations or Earnings Matter? (2011, unknown): “For earnings forecast guidance we draw from Hutton (2005), Cotter et al. (2006), and Houston et al. (2008) and include controls for analyst optimism, increased information uncertainty, high market intermediation, and the importance of earnings for valuation.”
On Guidance and Volatility (2015, unknown): “" Similarly, Houston, Lev, and Tucker (2010) argue that forecast dispersion reflects greater difficulty in predicting earnings and document a positive relation between guidance cessation and increased dispersion.”
Narrative Disclosure and Earnings Performance: Evidence from R&D Disclosures (2014, unknown): “Although prior studies generally document a positive relation between earnings performance and the frequency of earnings-related disclosures (Miller 2002; Chen et al. 2011; Houston et al. 2010), this finding will not necessarily hold for narrative R&D disclosure given the unique characteristics of R”
Earnings Guidance and Market Uncertainty (2009, unknown): “13 For example, see Houston et al. (2007) and Chen et al. (2006).”