Corporate Disclosure Policy and Analyst Behavior.

1996/10/01 by Mark H. Lang, Russell J. Lundholm · 26 citations
Business, Management and Accounting · Economics, Econometrics and Finance · #Auditing, Earnings Management, Governance #Financial Markets and Investment Strategies #Financial Reporting and Valuation Research

paper · doi:10.2308/tar-9611271989

Abstract

Abstract Examines the relations between the disclosure practices of firms, the number of analysts following each firm and properties of the analysts' earnings forecasts. Forecast dispersion and disclosure; Forecast accuracy and disclosure; Volatility of forecast revisions and disclosure.

Cited by

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• Investor Demand for Sell-Side Research
• Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting
• Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market
• Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure
• The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices
• Do Managers Disclose or Withhold Bad News? Evidence from Short Interest
• Using analysts' forecasts to measure properties of analysts' information environment.
• International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?
• Inside the “Black Box” of Sell‐Side Financial Analysts
• ADRs, Analysts, and Accuracy: Does Cross Listing in the United States Improve a Firm's Information Environment and Increase Market Value?
• The Impact of Securities Litigation Reform on the Disclosure of Forward‐Looking Information By High Technology Firms
• Does Silence Speak? An Empirical Analysis of Disclosure Choices During Conference Calls
• Disclosure Practices of Foreign Companies Interacting with U.S. Markets
• Conference Presentations and the Disclosure Milieu
• Effects of opening and closing stores on chain retailer performance
• The Information Content of Forward‐Looking Statements in Corporate Filings—A Naïve Bayesian Machine Learning Approach
• Voluntary Disclosure, Earnings Quality, and Cost of Capital
• The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research
• Forward-Looking MD&A Disclosures and the Information Environment
• Impact of Wikipedia on Market Information Environment: Evidence on Management Disclosure and Investor Reaction1
• Internal control and management guidance
• <scp>CEO</scp> Overconfidence and Management Forecasting
• Information Uncertainty and Analyst Forecast Behavior*
• The financial reporting environment: Review of the recent literature

Related

• Information, Selective Disclosure, and Analyst Behavior
• Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure
• Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures
• Bringing the Future Forward: The Effect of Disclosure on the Returns‐Earnings Relation
• Concurrent Earnings Announcements and Analysts' Information Production