Baek, H. Young; Kim, Dong-Kyoon; Kim, Joung W. - In: International Journal of Accounting and Information … 16 (2008) July, pp. 62-73
Purpose – The aim of this paper is to investigate the effect of management earnings forecasts on the level of information asymmetry around subsequent earnings announcement. Design/methodology/approach – Employing the adverse selection cost method suggested by George et al., the paper...