スズキ　トモヒロ   SUZUKI Tomohiro   鈴木　智大    所属   経営学部 経営学科    職種   准教授
言語種別	英語
発行・発表の年月	2014/03
形態種別	論文その他
標題	Management Incentives to Publish Aggressive or Conservative Earnings Forecasts and Disclosure Policy Change
執筆形態	単著
掲載誌名	International Perspectives on Accounting and Corporate Behavior
出版社・発行元	Springer International Publishing AG, Part of Springer Science+Business Media
概要	This study illustrates some of the motives and incentives of managers who make aggressive/conservative forecasts and examines the circumstances in which managers revise their forecasting strategies. We observe that companies under which managers reap the benefits of high stock prices in their remuneration, distressed companies, companies that operate under strong stock market pressure, and companies that plan to raise funds from stockholders during the forecasted fiscal year all tend to issue aggressive forecasts, whereas companies that operate under strong pressure from creditors tend to publish conservative forecasts.