Mandatory vs. voluntary disclosure of management forecast in China

References

• Baginski, S. P., J. M. Hassell, and M. D. Kimbrough. 2002. “The Effect of Legal Environment on Voluntary Disclosure: Evidence from Management Earnings Forecasts Issued in U.S. and Canadian Markets.” The Accounting Review, Sarasota 77 (1): 25–50. doi:10.2308/accr.2002.77.1.25.
   Web of Science ®Google Scholar
• Ball, R., and P. Brown. 1968. “An Empirical Evaluation of Accounting Income Numbers.” Journal of Accounting Research 6 (2): 159–178. doi:10.2307/2490232.
   Web of Science ®Google Scholar
• Bonaimé, A. A.. 2015. “Mandatory Disclosure and Firm Behavior: Evidence from ShareRepurchases.” The Accounting Review 90 (4): 1333–1362. doi:10.2308/accr-51027.
   Web of Science ®Google Scholar
• Burton, J. C. 1973. “Forecasts: A Changing View From The Securities and Exchange Commission.” Public Reporting of Corporate Financial Forecasts 81–91.
   Google Scholar
• Cao, Y., C. A. Cassell, L. A. Myers, and T. C. Omer. 2017. Does Company Reputation Matter for Voluntary Disclosure Quality? Evidence from Management Earnings Forecasts. (SSRN Scholarly Paper No. ID 2034378). Rochester, NY: Social Science Research Network.
   Google Scholar
• Coffee, J. C. 1984. “Market Failure and the Economic Case for a Mandatory Disclosure System.” Virginia Law Review 70 (4): 717–753. doi:10.2307/1073083.
   Web of Science ®Google Scholar
• Diamond, D. W., and R. E. Verrecchia. 1991. “Disclosure, Liquidity, and the Cost of Capital.” The Journal of Finance 46 (4): 1325–1359. doi:10.1111/j.1540-6261.1991.tb04620.x.
   Web of Science ®Google Scholar
• Easterbrook, F. H., and D. R. Fischel. 1984. “Mandatory Disclosure and the Protection of Investors.” Virginia Law Review 70 (4): 669–715. doi:10.2307/1073082.
   Web of Science ®Google Scholar
• Gao, J., and Y. Wang. 2014. “Qiang Zhi Huo Zi Yuan Na Zhong Pi Lou Zheng Ce Xia De Ye Ji Yu Gao Ke Kao Xing Geng Gao.” Finance and Trade Research 1: 149–156. (In Chinese).
   Google Scholar
• Gao, J., and Y. Wang. 2013. “Guan Li Ceng Ye Ji Yu Gao Pi Lou Ce Lue Xuan Ze Ying Xiang Ji Zhi Yu Jing Ji Hou Guo.” Collected Essays on Finance and Economics 1: 66–74. (In Chinese).
   Google Scholar
• Gonedes, N. J., N. Dopuch, and S. H. Penman. 1976. “Disclosure Rules, Information-Production, and Capital Market Equilibrium: The Case of Forecast Disclosure Rules.” Journal of Accounting Research 14 (1): 89–137. doi:10.2307/2490459.
   Web of Science ®Google Scholar
• Guo, N., and H. J. Qi. 2010. “Ye Ji Yu Gao Pi Lou Yu Ying Yu Guan Li Guan Xi De Shi Zheng Yan Jiu——Ji Yu Zhong Guo Shang Shi Gong Si De Jing Yan Zheng Ju.” Research on Economics and Management 2: 81–88. (In Chinese).
   Google Scholar
• Han, C. M., and S. J. Yang. 2012. “Ziyuanxing Xinxi Pilu Neng Tigao Shangshigongsi Xinxi Pilu Zhiliang Ma? Jiyu Woguo Shangshi Gongsi Yeji Yugao de Fenxi.” Journal of Shanxi University of Finance and Economics 7: 67–74.
   Google Scholar
• Healy, P. M., and K. G. Palepu. 2001. “Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature.” Journal of Accounting and Economics 31 (1): 405–440. doi:10.1016/S0165-4101(01)00018-0.
   Web of Science ®Google Scholar
• Huang, X., X. Li, S. Tse, and J. W. Tucker. 2018. “The Effects of a Mixed Approach toward Management Earnings Forecasts: Evidence from China.” Journal of Business Finance and Accounting 45 (3–4): 319–351. doi:10.1111/jbfa.12306.
   Web of Science ®Google Scholar
• Kasznik, R. 1999. “On the Association between Voluntary Disclosure and Earnings Management.” Journal of Accounting Research 37 (1): 57–81. doi:10.2307/2491396.
   Web of Science ®Google Scholar
• Lennox, C. S., J. R. Francis, and Z. Wang. 2012. “Selection Models in Accounting Research.” The Accounting Review 87 (2): 589–616. doi:10.2308/accr-10195.
   Web of Science ®Google Scholar
• Lev, B., and S. H. Penman. 1990. “Voluntary Forecast Disclosure, Nondisclosure, and Stock Prices.” Journal of Accounting Research 28 (1): 49–76. doi:10.2307/2491217.
   Web of Science ®Google Scholar
• Liao, Z. M., ., and X. F. Chen. 2009. “Qiang Zhi Pi Lou Li Lun Yi Ju Zhi Pi Ping.” Journal of Peking University(Philosophy and Social Sciences) 5: 136–145. (InChinese).
   Google Scholar
• Ma, W. L., M. Y. Zhou, and J. C. Zhang. 2015. “Qiang Zhi Ye Ji Yu Gao Neng Fou Ti Gao Shang Shi Gong Si Xin Xi Tou Ming Du?——Lai Zi Zhong Guo A Gu Shi Chang De Zheng Ju.” Zhejing Finance 5: 43–50. (In Chinese).
   Google Scholar
• Nawata, K. 1993. “A Note on the Estimation of Models with Sample-Selection Biases.” Economics Letters 42 (1): 15–24. doi:10.1016/0165-1765(93)90167-B.
   Web of Science ®Google Scholar
• Nawata, K., and N. Nagase. 1996. “Estimation of Sample Selection Bias Models.” Econometric Reviews 15 (4): 387–400. doi:10.1080/07474939608800363.
   Google Scholar
• Ota, K. 2014. “The Usefulness of Historical and Forecast Accounting Information.” Kaikei 185 (1): 16–28. (In Japanese).
   Google Scholar
• Penman, S. H. 1980. “An Empirical Investigation of the Voluntary Disclosure of Corporate Earnings Forecasts.” Journal of Accounting Research 18 (1): 132–160. doi:10.2307/2490396.
   Web of Science ®Google Scholar
• Pownall, G., and G. Waymire. 1989. “Voluntary Disclosure Credibility and Securities Prices - Evidence from Management Earnings Forecasts, 1969-73.” Journal of Accounting Research 27 (2): 227–245. doi:10.2307/2491233.
   Web of Science ®Google Scholar
• Skinner, D. J. 1994. “Why Firms Voluntarily Disclose Bad News.” Journal of Accounting Research 32 (1): 38–60. doi:10.2307/2491386.
   Web of Science ®Google Scholar
• Till, K. 1980. “The SEC Safe Harbor for Forecasts: A Step in the Right Direction?” Duke Law Journal 1980 (3): 607. doi:10.2307/1372191.
   Google Scholar
• Wang, H. F. 2010. “Xin Xi Qiang Zhi Pi Lou Yu Zi Yuan Pi Lou De Chong Xin Jie Ding Yu Jian Guan.” Macroeconomics 12: 50–54. (In Chinese).
   Google Scholar
• Waymire, G. 1985. “Earnings Volatility and Voluntary Management Forecast Disclosure.” Journal of Accounting Research 23 (1): 268–295. doi:10.2307/2490919.
   Web of Science ®Google Scholar
• Yamada, A. 2016. “Mandatory Management Forecasts, Forecast Revisions, and Abnormal Accruals.” Asian Review of Accounting 24 (3): 295–312. doi:10.1108/ARA-09-2014-0099.
   Web of Science ®Google Scholar