... firms’ information environments in two different periods: an immediate effect around the time of the event and a persisting effect around future earnings announcements. First, I show that the inaccuracy of analysts’ forecasts for various forecast horizons significantly decreases around the event. Second...

... income tax avoidance stock market reaction analyst forecasts The Medical Device Excise Tax (MDET), passed on March 23, 2010, as part of the Affordable Care Act (ACA), enacted a 2.3 percent excise tax on the sale of certain medical devices. ¹ The Advanced Medical Technology...

... 2023 analyst conservatism earnings management analyst forecasts Academic literature provides extensive evidence of both firms’ earnings management and benchmark beating behavior (see the review by Dechow, Ge, and Schrand (2010) for a summary of the literature on both of these topics...