This paper examines factors influencing voluntary forecast disclosure by target companies, whether good/bad news … during contested bids. In agreed bids, probability of forecast disclosure was greater the shorter the bid horizon. In … forecast disclosure and increase in offer price was found …

Most studies of forecast disclosure do not examine the information disclosed in forecasts, focusing instead on the … dichotomous decision to disclose/not disclose a forecast. More recent research has begun to examine the nature of the forecasts … disclosure decisions. This research examines forecast disclosure from the perspective of the detailed information reported in the …

support the hypotheses that forecasters are firms that are closer to their financial year-end, have lower past profit …