Using the Chinese stock market data, we test the hypothesis that cognitive dissonance
influences the stock market response to earnings news. Supporting this notion, we find that …

Purpose This study examines whether a firm's management earnings forecasts affect its
technical innovation activities. Our study also examines whether the cost of debt plays a …

This study investigates the relationship between managers' incentives to disclose
management earnings forecasts (MEFs) and the Global Reporting Initiative (GRI) …

Purpose This study aims to examine the characteristics of financial analysts' earnings
forecasts after COVID-19 outbroke in the USA. Specifically, the authors examine how …

This paper employs earnings conference calls to investigate if and how the style of corporate
disclosures changes during times of crisis, when information frictions between firms and the …

We investigate the impact of an exogenous economic crisis on investors' response to
corporate earnings announcements. We use COVID-19 as an exogenous shock as an …

Using firm-level earnings forecasts and managerial guidance data, we construct guidance
surprises for analysts, ie, differences between managerial guidance and analysts' initial …

This paper extends the signaling hypothesis by investigating the signal strength adjustment
behavior with respect to the announcement of an open market repurchase (OMR). Given that …

The Covid-19 pandemic produced unprecedented macroeconomic conditions for many
firms. It also provoked a surge in firms withdrawing their prior guidance—a corporate …

This paper investigates whether and how managers of highly polluting firms adjust their
earnings forecast behaviors in response to the introduction of environmental legal …