... arising from providing voluntary disclosures are important considerations in managers' disclosure decisions. JEL Classifications: M41. voluntary disclosure earnings guidance managerial incentives disclosure risks We thank Chris Armstrong, Jeff Ng, and Tharindra Ranasinghe for helpful...

...Kirsten Fanning; Ling Harris; Kevin E. Jackson; Matthew T. Stern ABSTRACT We investigate whether nonprofessional investors' responses to a company's reported earnings differ when management earnings guidance is presented as a goal or an expectation. We present 64 M.B.A. students and 262 MTurk...

... self-serving attribution bias overconfidence voluntary disclosure earnings guidance earnings forecasts survey Editor's note: Accepted by Catherine M. Schrand. Libby and Rennekamp (2012) propose and test whether managerial overconfidence contributes to the decision to provide...