Dunstan, Keitha; Gallery, Gerry; Truong, Thu Phuong - 2011
We examine the impact of continuous disclosure regulatory reform on the likelihood, frequency and qualitative … earnings forecasts issued by 94 firms listed on the New Zealand Exchange before and after the reform (1999-2005), we provide … strong evidence of significant changes in forecasting behaviour in the post-reform period. Specifically, firms were more …