Matches in SemOpenAlex for { <https://semopenalex.org/work/W2245367040> ?p ?o ?g. }
- W2245367040 abstract "We analyze the rationale for the market rewarding accurate management earnings guidance. We postulate that firms with better quality of information before investment also have better quality of information after investment but before earnings are realized. This late-interim information is of no value for production-investment decisions; however, by issuing accurate guidance, firms can signal a high-quality information environment, leading to better investment decisions in the future. We show that guidance accomplishment predicts future performance even if current earnings are not statistically correlated to future earnings. A manager interested in short-term market value tends to issue optimistic earnings guidance in equilibrium. Since the market rewards accurate guidance, though the management guidance is not verifiable, the equilibrium market valuation still induces the manager to issue informative guidance that enhances the investment efficiency through information quality discovery process." @default.
- W2245367040 created "2016-06-24" @default.
- W2245367040 creator A5031460353 @default.
- W2245367040 creator A5058725289 @default.
- W2245367040 date "2011-01-01" @default.
- W2245367040 modified "2023-09-26" @default.
- W2245367040 title "Company Issued Guidance: Signals of Value and the Horizon Problem" @default.
- W2245367040 cites W143110119 @default.
- W2245367040 cites W1961893270 @default.
- W2245367040 cites W1969928297 @default.
- W2245367040 cites W2007394623 @default.
- W2245367040 cites W2011517025 @default.
- W2245367040 cites W2030774206 @default.
- W2245367040 cites W2031517059 @default.
- W2245367040 cites W2055368483 @default.
- W2245367040 cites W2056238342 @default.
- W2245367040 cites W2057242845 @default.
- W2245367040 cites W2057337595 @default.
- W2245367040 cites W2063860295 @default.
- W2245367040 cites W2065061024 @default.
- W2245367040 cites W2090177521 @default.
- W2245367040 cites W2102503766 @default.
- W2245367040 cites W2103117905 @default.
- W2245367040 cites W2108684615 @default.
- W2245367040 cites W2128843785 @default.
- W2245367040 cites W2131811633 @default.
- W2245367040 cites W2132858084 @default.
- W2245367040 cites W2148092251 @default.
- W2245367040 cites W2163490533 @default.
- W2245367040 cites W2164380663 @default.
- W2245367040 cites W2168358868 @default.
- W2245367040 cites W2169598610 @default.
- W2245367040 cites W2529183508 @default.
- W2245367040 cites W3122255376 @default.
- W2245367040 doi "https://doi.org/10.2139/ssrn.1470880" @default.
- W2245367040 hasPublicationYear "2011" @default.
- W2245367040 type Work @default.
- W2245367040 sameAs 2245367040 @default.
- W2245367040 citedByCount "0" @default.
- W2245367040 crossrefType "journal-article" @default.
- W2245367040 hasAuthorship W2245367040A5031460353 @default.
- W2245367040 hasAuthorship W2245367040A5058725289 @default.
- W2245367040 hasConcept C10138342 @default.
- W2245367040 hasConcept C111472728 @default.
- W2245367040 hasConcept C138885662 @default.
- W2245367040 hasConcept C144133560 @default.
- W2245367040 hasConcept C162324750 @default.
- W2245367040 hasConcept C166957645 @default.
- W2245367040 hasConcept C175444787 @default.
- W2245367040 hasConcept C17744445 @default.
- W2245367040 hasConcept C186027771 @default.
- W2245367040 hasConcept C199539241 @default.
- W2245367040 hasConcept C27548731 @default.
- W2245367040 hasConcept C2776957806 @default.
- W2245367040 hasConcept C2778348673 @default.
- W2245367040 hasConcept C2778865806 @default.
- W2245367040 hasConcept C2779530757 @default.
- W2245367040 hasConcept C2781426361 @default.
- W2245367040 hasConcept C40700 @default.
- W2245367040 hasConcept C94625758 @default.
- W2245367040 hasConcept C95457728 @default.
- W2245367040 hasConceptScore W2245367040C10138342 @default.
- W2245367040 hasConceptScore W2245367040C111472728 @default.
- W2245367040 hasConceptScore W2245367040C138885662 @default.
- W2245367040 hasConceptScore W2245367040C144133560 @default.
- W2245367040 hasConceptScore W2245367040C162324750 @default.
- W2245367040 hasConceptScore W2245367040C166957645 @default.
- W2245367040 hasConceptScore W2245367040C175444787 @default.
- W2245367040 hasConceptScore W2245367040C17744445 @default.
- W2245367040 hasConceptScore W2245367040C186027771 @default.
- W2245367040 hasConceptScore W2245367040C199539241 @default.
- W2245367040 hasConceptScore W2245367040C27548731 @default.
- W2245367040 hasConceptScore W2245367040C2776957806 @default.
- W2245367040 hasConceptScore W2245367040C2778348673 @default.
- W2245367040 hasConceptScore W2245367040C2778865806 @default.
- W2245367040 hasConceptScore W2245367040C2779530757 @default.
- W2245367040 hasConceptScore W2245367040C2781426361 @default.
- W2245367040 hasConceptScore W2245367040C40700 @default.
- W2245367040 hasConceptScore W2245367040C94625758 @default.
- W2245367040 hasConceptScore W2245367040C95457728 @default.
- W2245367040 hasLocation W22453670401 @default.
- W2245367040 hasOpenAccess W2245367040 @default.
- W2245367040 hasPrimaryLocation W22453670401 @default.
- W2245367040 hasRelatedWork W2021043411 @default.
- W2245367040 hasRelatedWork W209133475 @default.
- W2245367040 hasRelatedWork W2094573228 @default.
- W2245367040 hasRelatedWork W2122126696 @default.
- W2245367040 hasRelatedWork W2124092784 @default.
- W2245367040 hasRelatedWork W241647731 @default.
- W2245367040 hasRelatedWork W2808435182 @default.
- W2245367040 hasRelatedWork W2901505370 @default.
- W2245367040 hasRelatedWork W3121843355 @default.
- W2245367040 hasRelatedWork W3123161798 @default.
- W2245367040 hasRelatedWork W3124813958 @default.
- W2245367040 hasRelatedWork W3125813031 @default.
- W2245367040 hasRelatedWork W3148682674 @default.
- W2245367040 hasRelatedWork W3200505360 @default.
- W2245367040 hasRelatedWork W3209571152 @default.
- W2245367040 hasRelatedWork W3211146815 @default.
- W2245367040 hasRelatedWork W2186732661 @default.