The effect of management earnings foreca
β
K.C. Rakow
π
Article
π
2010
π
Elsevier Science
π
English
β 214 KB
This study uses a framework presented in Hirst, Koonce, and Venkataraman (2008) to assess how differences in management earnings forecast characteristics influence a firm's cost of equity capital. I find that less specific forecasts, pessimistic forecasts, and forecasts that predict a loss for the p