In 2004, 55 percent of firms provided guidance to analysts, down from 72 percent in the prior
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In 2004, 55 percent of firms provided guidance to analysts, down from 72 percent in the prior year.30 Before Google’s IPO, the firm’s executives announced that they did not plan to issue earnings guidance to analysts. Discuss the pros and cons of such a decision.
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One of the pros of declining to offer guidance is that markets might not react as harshly to earning...View the full answer
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Behavioral Corporate Finance Concepts And Cases For Teaching Behavioral Finance
ISBN: 9781259277207
2nd Edition
Authors: Hersh Shefrin
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