Is silence golden? An empirical analysis of firms that stop giving quarterly earnings guidance

No abstract is available for this paper.

• Publication year

  2005

• Venue

  Journal of Accounting and Economics

• Publication date

  2005-09-12

• Fields of study

  Business, Economics

• Identifiers
  DOI 10.2139/SSRN.820644
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained

  2007cited by this paper
• Favorable versus Unfavorable Recommendations: The Impact on Analyst Access to Management-Provided Information

  2006cited by this paper
• Managerial Disclosure vs. Analyst Inquiry: An Empirical Investigation of the Presentation and Discussion Portions of Earnings-Related Conference Calls

  2006cited by this paper
• The Effect of Issuing Biased Earnings Forecasts on Analysts' Access to Management and Survival

  2006cited by this paper
• Self-Selection Models in Corporate Finance

  2005cited by this paper
• Determinants of Managerial Earnings Guidance Prior to Regulation Fair Disclosure and Bias in Analysts' Earnings Forecasts

  2005influential reference
• Shareholder Investment Horizons and the Market for Corporate Control

  2005cited by this paper
• Governance Mechanisms and Equity Prices

  2005cited by this paper
• The Economic Implications of Corporate Financial Reporting

  2005cited by this paper
• Is Guidance a Macro Factor? the Nature and Information Content of Aggregate Earnings Guidance

  2005cited by this paper
• Earnings Guidance and Managerial Myopia

  2005cited by this paper
• Corporate Governance and the Cost of Equity Capital

  2004cited by this paper
• The Information Content of Share Repurchase Programs

  2004cited by this paper
• Remuneration: Where We've Been, How We Got to Here, What Are the Problems, and How to Fix Them

  2004cited by this paper
• Costs of Equity and Earnings Attributes

  2004cited by this paper
• Institutional Ownership and the Extent to which Stock Prices Reflect Future Earnings

  2002cited by this paper
• The Rewards to Meeting or Beating Earnings Expectations

  2002cited by this paper
• Are Dividend Changes a Sign of Firm Maturity

  2002cited by this paper
• A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital

  2002cited by this paper
• Just Say No to Wall Street: Putting a Stop to the Earnings Game

  2002cited by this paper
• Earnings Performance and Discretionary Disclosure

  2002cited by this paper
• Voluntary disclosure of balance sheet information in quarterly earnings announcements

  2002cited by this paper
• Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature

  2001cited by this paper
• An Evaluation of 'Essays on Disclosure' and the Disclosure Literature in Accounting

  2001influential reference
• Earnings Preannouncement Strategies

  2000cited by this paper
• Bridging the Information Gap: Quarterly Conference Calls as a Medium for Voluntary Disclosure

  1999cited by this paper
• Using Analysts' Forecasts to Measure Properties of Analysts' Information Environment

  1999cited by this paper
• The Role of the Manager?S Human Capital in Discretionary Disclosure

  1999cited by this paper
• Investor Sophistication and Voluntary Disclosures

  1999cited by this paper
• Earnings Surprises, Growth Expectations, and Stock Returns or Don't Let an Earnings Torpedo Sink Your Portfolio

  1999cited by this paper
• Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure

  1999cited by this paper
• The Motivation and Impact of Pension Fund Activism

  1999cited by this paper
• Disclosure level and the cost of equity capital

  1997influential reference
• Managerial Disclosures and Shareholder Litigation

  1997cited by this paper
• WHY FIRMS VOLUNTARILY DISCLOSE BAD-NEWS

  1994cited by this paper
• SHAREHOLDER LITIGATION AND CORPORATE DISCLOSURES

  1994cited by this paper
• Common risk factors in the returns on stocks and bonds

  1993influential reference
• CROSS- SECTIONAL DETERMINANTS OF ANALYST RATINGS OF CORPORATE DISCLOSURES

  1993cited by this paper
• VOLUNTARY FORECAST DISCLOSURE, NONDISCLOSURE, AND STOCK-PRICES

  1990cited by this paper
• An analysis of intertemporal and cross-sectional determinants of earnings response coefficients

  1989cited by this paper
• Disclosure When The Market Is Unsure Of Information Endowment Of Managers

  1988cited by this paper
• DISCLOSURE OF NONPROPRIETARY INFORMATION

  1985cited by this paper
• The Informational Role of Warranties and Private Disclosure about Product Quality

  1981cited by this paper
• An Empirical-Investigation Of The Voluntary Disclosure Of Corporate-Earnings Forecasts

  1980cited by this paper
• Disclosure Laws and Takeover Bids

  1980cited by this paper
• Quasi-experimentation: Design & analysis issues for field settings

  1979cited by this paper
• Sample selection bias as a specification error

  1979cited by this paper
• CORPORATE FORECASTS OF EARNINGS PER SHARE AND STOCK-PRICE BEHAVIOR - EMPIRICAL TESTS

  1976cited by this paper
• The Information Content Of Annual Earnings Announcements

  1968influential reference

• Do Executives Exhibit Fixed Effects on Firm‐Level Stock Price Crash Risk? Evidence From CEOs and CFOs

  2026cites this paper
• Disclosure strategies for management earnings forecasts: insights from the corporate life-cycle perspective

  2026cites this paper
• Once Is Not Enough: An Analysis of Management Updates of Annual Earnings Forecasts

  2025cites this paper
• Impact of Quarterly Earnings Announcements and Liquidity on Stock Movements in (IDX)

  2025cites this paper
• Watchdogs of greenwashing: The role of long-term institutional cross-ownership

  2025cites this paper
• Earnings Call Slide Deck

  2025cites this paper
• Voluntary Tax Forecasts as a Signal of Future Firm Performance

  2025cites this paper
• Hidden Iceberg: The Informativeness of Analyst Silence After Corporate Site Visits

  2025cites this paper
• Can we explain managerial non‐answers during conference call Q&As?

  2025cites this paper
• The Value of Investor Sophistication

  2025cites this paper
• Forward‐Looking Statements and Investor Trading

  2025cites this paper
• Policy Uncertainty and Corporate Voluntary Disclosure

  2025cites this paper
• Beware of False Prophets:Cybersecurity Risk and Strategic Voluntary Disclosure

  2025cites this paper
• Do managers use a multi‐period, coordinated strategy involving accrual management choices and subsequent earnings forecasts to inflate expectations?

  2025cites this paper
• Talking about the Future to Address the Legitimacy Gap: Data Breaches and Forward-Looking Performance Disclosure

  2025cites this paper
• The Effect of Greenhushing and ESG Disclosure Assurance on Investors' Judgements

  2025cites this paper
• Social capital and firm voluntary disclosure

  2025cites this paper
• The Impact of Bank Financing on Borrowers’ Voluntary Disclosures and Real Investments

  2025cites this paper
• Financial Regulation Policy Uncertainty and Non-GAAP Earnings Disclosure

  2025cites this paper
• Just Friends? Managers' Connections to Judges

  2024cites this paper
• Board gender reforms and voluntary disclosure: International evidence from management earnings forecasts

  2024cites this paper
• Heterogeneous overreaction in expectation formation: Evidence and theory

  2024cites this paper
• Intangibles and management earnings forecasts

  2024cites this paper
• The Effect of Analyst-Auditor Connections on Analysts’ Performance

  2024cites this paper
• Environment-specific political risk discourse and expected crash risk: The role of political activism

  2024cites this paper
• Investor Uncertainty and Voluntary Disclosure

  2024cites this paper
• The Role of Accounting Information in an Era of Fake News

  2024cites this paper
• Voluntary Disclosure from Multiple Sources and Information Environment

  2024cites this paper
• Navigating transparency: The interplay of ESG disclosure and voluntary earnings guidance

  2024cites this paper
• Chaebol-affiliated analysts and biases in interpreting accruals

  2024cites this paper
• The impact of stock market liberalization on management forecast precision–Evidence from Mainland-Hong Kong Stock Connect Programs in China

  2024cites this paper
• Does company reputation matter for voluntary disclosure quality? evidence from management earnings forecasts

  2024cites this paper
• Self‐media information disclosure and firm productivity

  2024cites this paper
• Corporate Managers’ Perspectives on Forward-Looking Guidance: Survey Evidence

  2024cites this paper
• Institutional Trading and Managers' Complex Disclosure: Evidence From Conference Calls

  2024cites this paper
• Spillover effects of credit default swaps on corporate disclosure along the supply chain

  2024cites this paper
• What Do Investors Value? A Multidisciplinary Review

  2023cites this paper
• Managerial Strategic Earnings Disclosure via Social Media: Evidence from 18 Million Corporate Tweets

  2023cites this paper
• Mining the emotional information in the audio of earnings conference calls : A deep learning approach for sentiment analysis of securities analysts' follow-up behavior

  2023cites this paper
• The relationship between R&D intensity, conservatism, and management earnings forecast issuance

  2023cites this paper
• 한국에서 이익 공시에 대한 시장반응은 증가하였는가?*

  2023cites this paper
• Is there a tradeoff between management earnings forecasts and sustainability reporting?

  2023cites this paper
• Voice and Valuation: Analyst Reactions to CEO Speech Patterns during Leadership Changes

  2023cites this paper
• Does lowball guidance work? An analysis of firms that consistently beat their guidance by large margins

  2023cites this paper
• Private Loan Disclosure Covenants and Public Management Guidance

  2023cites this paper
• Endogenizing Discretion in Disclosures

  2022cites this paper
• Shaping the Information Environment: International Evidence on Financial Reporting Frequency and Analysts’ Earnings Forecast Errors

  2022cites this paper
• Economic Policy Uncertainty and Stock Liquidity: The Mitigating Effect of Information Disclosure.

  2022cites this paper
• Narrative disclosure tone: A review and areas for future research

  2022cites this paper
• Play for time when the ship is threatening to sink? Voluntary disclosure choices under going concern uncertainty

  2022cites this paper
• The Effect of Geographic Diversity on Managerial Earnings Forecasts

  2022cites this paper
• Is silence golden sometimes? Management guidance withdrawals during the COVID-19 pandemic

  2022influential citation
• The effect of the COVID-19 pandemic on information disclosure: Evidence from China

  2022cites this paper
• Quarterly Earnings Guidance and Real Earnings Management

  2022cites this paper
• Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China

  2022cites this paper
• Wait, What? The Consequences of Not Disclosing Feedback-Stimulating Information

  2022cites this paper
• Analysts’ foreign ancestral origins and firms’ information environment

  2022cites this paper
• How do insider trading incentives shape nonfinancial disclosures? Evidence from product and business expansion disclosures

  2022cites this paper
• Terrorism activities and long-term annual management forecasts

  2022cites this paper
• Title: Causal ambiguity: Shape-flip between product market competition at industry level and voluntary disclosure

  2022cites this paper
• Financial disclosure transparency and employee wages

  2022cites this paper
• Disclosure of internal control material weaknesses and optimism in analyst earnings forecasts

  2022cites this paper
• Relative Performance Goals and Management Earnings Guidance

  2022cites this paper
• Consistency in Management Earnings Guidance Patterns

  2022influential citation
• Strike the right tone: Financial analysts’ tone to acquire information in earnings conference calls

  2022cites this paper
• Does Global Outsourcing Affect Corporate Customers’ Voluntary Disclosures?

  2021influential citation
• Analyst Revenue Forecasts and Firm Revenue Misstatements

  2021cites this paper
• Institutional Blockholders and Voluntary Disclosure

  2021cites this paper
• Impact of Tournament Incentives on Management Earnings Forecasts

  2021cites this paper
• Managerial Learning from Analyst Feedback to Voluntary Capex Guidance, Investment Efficiency, and Firm Performance

  2021cites this paper
• Does equity underpricing affect voluntary disclosure?

  2021cites this paper
• Credit Availability and Voluntary Disclosures: Evidence from Interstate Bank Branching Deregulation

  2021cites this paper
• Emotions and Managerial Judgment: Evidence from Sunshine Exposure

  2021cites this paper
• Rest in Peace Post-Earnings Announcement Drift

  2021cites this paper
• Shareholder monitoring and discretionary disclosure

  2021cites this paper
• Earnings guidance: market pressure or corporate governance? Evidence from corporate innovation in China

  2021cites this paper
• Analyst reputation and management earnings forecasts

  2021cites this paper
• Withdrawal of Management Guidance During the Covid-19 Pandemic Aurelius Aaron The Hong Kong Polytechnic University aurelius.aaron@connect.polyu.hk

  2021cites this paper
• The Earnings Expectations Game and the Dispersion Anomaly

  2021cites this paper
• Being Counted and Remaining Accountable: Maintenance of Quarterly Earnings Guidance by U.S. Public Companies

  2021cites this paper
• Withdrawal of Management Earnings Guidance During the COVID-19 Pandemic

  2021influential citation
• Truncating Optimism

  2021cites this paper
• Characteristics and Implications of Long-Term Earnings Guidance

  2021cites this paper
• Co-Opetition and the Firm's Information Environment

  2021cites this paper
• Are Critics Right About Quarterly Earnings Guidance? An Examination of Quarterly Earnings Guidance and Managerial Myopia.

  2020cites this paper
• Annual Earnings Guidance and the Smoothing of Analysts’ Multi-Period Forecasts

  2020cites this paper
• Dynamic Information Regimes in Financial Markets

  2020influential citation
• Peer effects in corporate disclosure decisions

  2020cites this paper
• Major government customer and management earnings forecasts

  2020cites this paper
• The Dog that Did Not Bark: Limited Price Efficiency and Strategic Nondisclosure

  2020cites this paper
• Voluntary Corporate Disclosure

  2020cites this paper
• Earnings Surprises, Mispricing, and the Dispersion Anomaly

  2020cites this paper
• Impact of Non-financial Disclosure Scores on the Cost of Equity Capital: Evidence from European Data in the Light of the Subprime Crisis

  2020cites this paper
• Disclosure and the Cost-of Capital: Evidence from FOMC Announcements

  2020cites this paper
• Deferred Tax Asset Valuation Allowances and Auditors’ Going Concern Evaluations

  2020cites this paper
• Management forecast errors and corporate investment efficiency

  2020cites this paper
• Firm-Specific Currency Exposure, Repatriation, and the Market Value of Repatriation Taxes

  2020cites this paper
• The Effect of Trade Secrets Law on Stock Price Synchronicity: Evidence from the Inevitable Disclosure Doctrine

  2020cites this paper
• Causal ambiguity: shape-flip between product market competition at industry level and voluntary disclosure

  2020cites this paper
• Managing Earnings to Appear Truthful: The Effect of Public Scrutiny on Exactly Meeting a Threshold

  2020cites this paper