Management's incentives to avoid negative earnings surprises

Accounting Review

Volumn 77, Issue 3, 2002, Pages 483-514

  Matsumoto, Dawn A ^a  

^a UNIVERSITY OF WASHINGTON   (United States)

Author keywords

Earnings management; Financial analysts; Financial reporting incentives; Forecast bias; Forecast guidance

Indexed keywords

EID: 0035995637     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr.2002.77.3.483     Document Type: Review

References (67)

1. Do analysts' earnings forecasts incorporate information in prior stock price changes?
2. Corporate managers' earnings forecasts and symmetrical adjustments of market expectations
3. Do the merits matter? A study of settlements in securities class actions
4. Securities price consequences of the private securities litigation reform act of 1995 and related events
5. Value-relevance of nonfinancial information: The wireless communications industry
6. Analysts' use of earnings forecasts in predicting stock returns: Forecast horizon effects
7. The market interpretation of management earnings forecasts as predictor of subsequent analyst forecast revisions
8. Whisper forecasts of quarterly earnings per share
9. Discretionary management earnings forecast disclosures: Antecedents and outcomes associated with forecast venue and forecast specificity choices
10. Evidence that stock prices do not fully reflect the implications of current earnings for future earnings
11. Again, looks like a "gangbuster" quarter: Despite odds, strong earnings expected in 2nd period
12. Stakeholders' implicit claims and accounting method choice
13. A reexamination of analysts' earnings forecasts for takeover targets
14. An evaluation of alternative proxies for the market's assessment of unexpected earnings
15. Analyst forecasting errors: Additional evidence
16. A temporal analysis of earnings surprises: Profits vs. losses
17. The influence of institutional investors on myopic R & D investment behavior
18. Do institutional investors prefer near-term earnings over long-run value?
19. Business week
20. An analysis of intertemporal and cross-sectional determinants of earnings response coefficients
21. Earnings predictability and bias in analysts' earnings forecasts
22. Detecting earnings management
23. The relation between analysts' forecasts of long-term earnings growth and stock performance following equity offerings
24. Debt covenant violation and manipulation of accruals
25. Earnings management to exceed thresholds
26. Learn to play the earnings game (and Wall Street will love you)
27. Analysts' decisions as products of a multi-task environment
28. Shareholder litigation and corporate disclosures
29. Causes and effects of discretionary asset write-offs
30. The multiperiod information content of accounting earnings: Confirmations and contradictions of previous earnings reports
31. Financial analysts' forecasts of earnings: A better surrogate for market expectations
32. Institutional investor and equity prices
33. The information content of losses
34. Rise in profit guidance dilutes positive surprises
35. Traders laugh off the official estimate on earnings, act on whispered numbers
36. Earnings management during import relief investigations
37. Expectations adjustment via timely management forecasts: Review, synthesis, and suggestions for future research
38. A direct test of the cognitive bias theory of share price reversals
39. Expectations and the cross-section of stock returns
40. Underwriting relationships, analysts' earnings forecasts, and investment recommendations
41. As stock market surges ahead, "predictable" profits are driving it
42. Analysts' forecasts as earnings expectations
43. Earnings management: The effect of ex ante earnings expectations
44. Capital disadvantage: America's failing capital investment system
45. Corporate performance and CEO turnover: The role of performance expectations
46. Why firms voluntarily disclose bad news
47. Earnings disclosures and stockholder lawsuits
48. Common stock returns surrounding earnings forecast revisions: More evidence
49. Earnings preannouncements
50. Shakedown?
51. Ho-hum, another earnings surprise
52. The relation between a prior earnings forecast by management and analyst response to a current management forecast