English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

Meeting and beating analysts’ forecast has received substantial attention, most of studies investigate twoprinciples problems: the valuation and value relevance of meeting and tools used to achieve benchmarks. Thisresearch is different, we investigate whether internal corporate governance impacts on meeting and beatinganalysts’ forecasts and consistently do it, we also examine if these attributes alleviate opportunistic behavior. This paper contributes to the growing literature on earnings benchmarks, it targets to be more specified thanprevious ones by considering governance attributes without an index. Using a logistic regression models, wedocument that ‘small’ institutional investors and incentive compensation incite managers to meet analysts’forecasts contrarily to debt and board activity. We find that consistently meeting is harder to realize and affectedby governance attributes. Moreover, results indicate that stock options are associated with opportunisticmanagerial activities while institutional ownership temperate it. This study is important for investors who must be more attentive about financial signals like meeting analysts’forecasts that may be affected by opportunistic managerial behavior. Furthermore, findings indicate thatregulation affect this tendency which reveal the importance of regulators in increasing the transparency offinancial market.

Does Corporate Governance Matter in Meeting and Beating Analysts’ Forecasts