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Investor relations represents a firm's commitment to communicate effectively with the external community which includes investors and analysts and both mandatory and voluntary information release is expected to reduce information asymmetry. We investigate the effects of disclosure quality on...
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practice. This study investigates the impact of bundled guidance on analysts’ forecast revisions. Our findings indicate that … place more weight on bundled guidance than non-bundled guidance in their forecast revisions as bundled guidance facilities … analysts’ timely forecast revisions following EAs. Finally, we find that analysts’ forecast revisions following bundled …
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