... at the Stanford University Graduate School of Business, and seminar participants at Indiana University, The University of Arizona, University of Colorado Boulder, and The University of Melbourne for helpful comments and suggestions. The market timing and expectations management explanations...

...Tsahi Versano; Brett Trueman ABSTRACT This paper analyzes a manager's optimal expectations management strategy in a setting in which the manager provides forecast guidance to an analyst both privately and publicly. Conventional wisdom suggests that managers use private communications with analysts...