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Management Forecasts, Disclosure Quality, and Market Efficiency

Management Forecasts, Disclosure Quality, and Market Efficiency. Jeffrey Ng, ?rem Tuna, and Rodrigo Verdi. What do we do?. We examine short-term and long-term market reaction to management forecasts We test the effect of disclosure quality on the long-term market reaction. Motivation.

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Prior forecast accuracy - PowerPoint PPT Presentation

Management Forecasts, Disclosure Quality, and Market Efficiency