Management Forecast Accuracy and CEO Turnover
By Sam Lee, Steven R. Matsunaga, Chul W. Park. 2012
197 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/90e040d0976a7f41750107359dfd96696a6c818f
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Citations in the corpus
- The Role of Bank Monitoring in Borrowers’ Discretionary Disclosure: Evidence from Covenant Violations (2014, unknown): “Furthermore, to the extent forecast accuracy reflects manager’s ability to anticipate future changes in business environment and adjust the firm’s strategy accordingly, forecasts can facilitate shareholder monitoring by allowing shareholders to make inferences about manager’s ability (Trueman, 1986;”
- How does readability influence investors' judgments? Consistency of benchmark performance matters (2015, background): “…issued management guidance, if available.1 While managers manage earnings to avoid negative earnings trend performance (Degeorge, Patel, and Zeckhauser 1999), missing management’s own guidance is also perceived as a negative signal (Koch, Lefanowicz, and Shane 2012; Lee, Matsunaga, and Park 2012).”