Is Earnings Guidance Associated with Less Firm Innovation?
Chen, Shuping and Huang, Kelly and Lao, Brent Y, Is Earnings Guidance Associated with Less Firm Innovation? (January 8, 2015). Available for download at SSRN: http://ssrn.com/abstract=2546827 “We inform the policy debate on whether management earnings guidance fosters managerial myopia by examining whether firms providing earnings guidance exhibit less firm innovation. At the core of the …