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Cost Uncertainty and Management Sale...

Zhao, Yan.

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Cost Uncertainty and Management Sales Forecasts.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Cost Uncertainty and Management Sales Forecasts./
Author:	Zhao, Yan.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2019,
Description:	70 p.
Notes:	Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
Contained By:	Dissertations Abstracts International81-04A.
Subject:	Accounting. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=13886003
ISBN:	9781085774031

Cost Uncertainty and Management Sales Forecasts.
Zhao, Yan.

Cost Uncertainty and Management Sales Forecasts. - Ann Arbor : ProQuest Dissertations & Theses, 2019 - 70 p.

Source: Dissertations Abstracts International, Volume: 81-04, Section: A.

Thesis (Ph.D.)--State University of New York at Buffalo, 2019.

This item must not be sold to any third party vendors.

This study examines the effect of cost uncertainty on management sales forecasts. My analysis reveals that firms with more uncertain (i.e., less predictable) cost patterns are more likely to and more frequently issue management sales forecasts. Moreover, issued management sales forecasts are more accurate and informative when firms have less predictable cost patterns. These results suggest that firms endeavor to meet strong demand for sales forecasts from information users when their cost patterns are uncertain. Meanwhile, I find that firms are less likely to and less frequently issue management earnings forecasts when their costs are less predictable. These findings suggest that besides their supplementary or confirmatory role for contemporaneously issued management earnings forecasts, management sales forecasts substitute management earnings forecasts when costs are hard to predict. Using several sensitivity analyses, such as an instrumental variables approach, a difference-in-difference test using an industry-wide shock to cost uncertainty, and a simultaneous equation model, I show that my findings are robust to endogeneity concerns. Overall, the findings in this study suggest that management sales forecasts are used as a more important voluntary disclosure mechanism when a firm's cost patterns are less predictable.

ISBN: 9781085774031Subjects--Topical Terms:

557516
Accounting.
Subjects--Index Terms:

Voluntary disclosure

Cost Uncertainty and Management Sales Forecasts.
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100 1 $a Zhao, Yan. $3 1033755
245 1 0 $a Cost Uncertainty and Management Sales Forecasts.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2019
300 $a 70 p.
500 $a Source: Dissertations Abstracts International, Volume: 81-04, Section: A.
500 $a Advisor: Suk, Inho.
502 $a Thesis (Ph.D.)--State University of New York at Buffalo, 2019.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
520 $a This study examines the effect of cost uncertainty on management sales forecasts. My analysis reveals that firms with more uncertain (i.e., less predictable) cost patterns are more likely to and more frequently issue management sales forecasts. Moreover, issued management sales forecasts are more accurate and informative when firms have less predictable cost patterns. These results suggest that firms endeavor to meet strong demand for sales forecasts from information users when their cost patterns are uncertain. Meanwhile, I find that firms are less likely to and less frequently issue management earnings forecasts when their costs are less predictable. These findings suggest that besides their supplementary or confirmatory role for contemporaneously issued management earnings forecasts, management sales forecasts substitute management earnings forecasts when costs are hard to predict. Using several sensitivity analyses, such as an instrumental variables approach, a difference-in-difference test using an industry-wide shock to cost uncertainty, and a simultaneous equation model, I show that my findings are robust to endogeneity concerns. Overall, the findings in this study suggest that management sales forecasts are used as a more important voluntary disclosure mechanism when a firm's cost patterns are less predictable.
590 $a School code: 0656.
650 4 $a Accounting. $3 557516
650 4 $a Management. $3 516664
653 $a Voluntary disclosure
653 $a Cost uncertainty
653 $a Management sales forecasts
690 $a 0272
690 $a 0454
710 2 $a State University of New York at Buffalo. $b Accounting and Law. $3 1265211
773 0 $t Dissertations Abstracts International $g 81-04A.
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792 $a 2019
793 $a English
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