Hughes (1986), and the 'no news, bad news' voluntary disclosure models posit that firms which voluntarily disclose a forecast have better news than firms that do not. On the contrary, Trueman (1986), Feltham and Xie (1992) and Arya and Mittendorf (2005) suggest that firms may disclose a forecast regardless of the nature of the news that they have. The empirical evidence on the voluntary disclosure motivations and implications is far from conclusive.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:492763 |
| Date | January 2007 |
| Creators | Al-Ahmad, Zeina |
| Publisher | University of Manchester |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
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