Stephen Penman

Voluntary Forecast Disclosure, Nondisclosure, and Stock Prices

Coauthor(s): Baruch Lev.

Abstract:
In this study we consider managerial earnings forecasts as voluntary information releases and compare their properties with predictions from a screening or signaling scenario.

Source: Journal of Accounting Research
Exact Citation:
Lev, Baruch, and Stephen Penman. "Voluntary Forecast Disclosure, Non-Disclosure and Stock Prices." Journal of Accounting Research 28, no. 1 (Spring 1990): 49-76.
Volume: 28
Number: 1
Pages: 49-76
Date: Spring 1990