Litigation Risk and the Optimism in Long-horizon Management Forecasts of Bad News and Good News
This study investigates the framework of how litigation risk affects management forecasting of bad news and good news differently, resulting in differential optimism in these forecasts. I argue that distinct stock price patterns following these two types of management forecasts expose them to differ...
Main Author: | Hurwitz, Helen |
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Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | https://doi.org/10.7916/D8NC6754 |
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