Chan, H.; Faff, R.; Ho, Y. K.; Ramsay, A. - In: International Review of Finance 6 (2006) 1-2, pp. 79-97
We study the market reaction of Australian firms issuing management earnings forecasts (MEF). Specifically, we measure and distinguish between the immediate and post-earnings announcement impact of MEF. Our analysis is conditioned on growth/value characteristics and news surprise and we test for...