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Cost Stickiness and Management’s Issuance of Earnings Forecasts

The journal of applied business and economics, 2018-10, Vol.20 (6), p.40-56 [Peer Reviewed Journal]

Copyright North American Business Press Oct 2018 ;ISSN: 1499-691X ;EISSN: 1499-691X ;DOI: 10.33423/jabe.v20i6.371

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  • Title:
    Cost Stickiness and Management’s Issuance of Earnings Forecasts
  • Author: Dai, Jing ; Huang, Rong ; Yan, Yan
  • Subjects: Accounting ; Asymmetry ; Book value ; Earnings per share ; Economic models ; Equity ; Financial statement analysis ; Investments ; New employees
  • Is Part Of: The journal of applied business and economics, 2018-10, Vol.20 (6), p.40-56
  • Description: This study investigates how firms' asymmetric cost behavior affects managers' decision to issue earnings forecasts. Cost stickiness reflects managers' deliberate resource adjustment decisions and increases information asymmetry between managers and corporate outsiders. Therefore, as cost stickiness increases, managers are more likely to convey their private information to public through earnings forecasts to reduce information asymmetry. Consistent with our prediction, we find a positive association between cost stickiness and managers' propensity to issue earnings forecasts, and this positive association is more pronounced for long-horizon forecasts than short-horizon forecasts.
  • Publisher: Thunder Bay: North American Business Press
  • Language: English
  • Identifier: ISSN: 1499-691X
    EISSN: 1499-691X
    DOI: 10.33423/jabe.v20i6.371
  • Source: ProQuest Central
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