Board Meeting Frequency and Managemeny Forecasy Behavior




Kam C. Chan;Yi-Ning Chen

Key Words

Board Meeting ; Corporate Governance ; Management Forecast


Advances in Quantitative Analysis of Finance and Accounting

Volume or Term/Year and Month of Publication

11期(2013 / 12 / 01)

Page #

293 - 318

Content Language


English Abstract

We examine the relationship between board meeting frequency and management forecast behavior. Using a comprehensive sample of management forecasts in the U.S. from 1996 to 2005, we find that more frequent board meetings are positively related to a higher likelihood of management forecasts. Our findings in different forecasting horizons and forecasting directions are consistent with the notion that more effective and direct monitoring by a board (as represented by more frequent board meetings) influences managers to disclose more private information. Overall, board monitoring, as proxied by the frequency of board meetings, plays a decisive role in management forecasting behavior.

Topic Category 社會科學 > 經濟學
社會科學 > 財金及會計學
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