Investors' reactions to management forecast forms.
Date of Issue2006
College of Business (Nanyang Business School)
In this study, I investigate investors' reactions to a new form of management forecast that is a hybrid of point and range forecasts (henceforth, MID forecast). A MID forecast takes the form "EPS will be around $X, plus or minus $Y." I also examine whether investors' reactions to management forecast forms are moderated by their knowledge.
Nanyang Technological University