We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The Fleeting Effects of Disclosure Forthcomingness on Management's Reporting Credibility.
- Authors
Mercer, Molly
- Abstract
This study provides a theoretical framework and experimental evidence on how managers' disclosure decisions affect their credibility with investors. I find that in the short-term, more forthcoming disclosure has a positive effect on management's reporting credibility, especially when management is forthcoming about negative news. However, these short-term credibility effects do not persist over time. In the long-term, managers who report positive earnings news are rated as having higher reporting credibility than managers who report negative earnings news, regardless of their previous disclosure decisions.
- Subjects
INVESTORS; MANAGEMENT; DISCLOSURE; CORPORATE finance; INVESTMENTS; BUSINESSPEOPLE
- Publication
Accounting Review, 2005, Vol 80, Issue 2, p723
- ISSN
0001-4826
- Publication type
Article
- DOI
10.2308/accr.2005.80.2.723