Abstract

http://ssrn.com/abstract=239007
 
 

References (29)



 
 

Citations (114)



 


 



The Role of Supplementary Statements with Management Earnings Forecasts


Amy P. Hutton


Boston College - Carroll School of Management

Gregory S. Miller


University of Michigan, Stephen M. Ross School of Business

Douglas J. Skinner


The University of Chicago - Booth School of Business

February 2003

Tuck School of Business Working Paper No. 03-03

Abstract:     
We investigate managers' decisions to supplement their firms' management earnings forecasts. We classify these supplementary disclosures as either qualitative "soft talk" disclosures or verifiable forward-looking statements. We find that managers provide "soft talk" disclosures with similar frequency for good and bad news forecasts, but are more likely to supplement good news forecasts with verifiable forward-looking statements. We examine the market response to these forecasts and find that bad news earnings forecasts are always informative but that good news forecasts are informative only when supplemented by verifiable forward-looking statements, suggesting that these statements bolster the credibility of good news forecasts.

Number of Pages in PDF File: 42

JEL Classification: M41, M43, M45

working papers series


Download This Paper

Date posted: September 29, 2000  

Suggested Citation

Hutton, Amy P. and Miller, Gregory S. and Skinner, Douglas J., The Role of Supplementary Statements with Management Earnings Forecasts (February 2003). Tuck School of Business Working Paper No. 03-03. Available at SSRN: http://ssrn.com/abstract=239007 or http://dx.doi.org/10.2139/ssrn.239007

Contact Information

Amy P. Hutton
Boston College - Carroll School of Management ( email )
140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States
617 552 1951 (Phone)
Gregory S. Miller
University of Michigan, Stephen M. Ross School of Business ( email )
701 Tappan Street
Ann Arbor, MI MI 48109
United States
Douglas J. Skinner (Contact Author)
The University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-7137 (Phone)

Chicago Booth School of Business Logo

Feedback to SSRN


Paper statistics
Abstract Views: 4,182
Downloads: 1,273
Download Rank: 7,467
References:  29
Citations:  114

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.485 seconds