مقاله لاتین"پیش ‌بینی مدیریتی، ریسک ‌های ویژه و محیط اطلاعاتی"

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7. Conclusion

This paper has considered management forecast error as a proxy for disclosure quality and has investigated the relationship between disclosure quality and idiosyncratic risk. Our analyses show that management forecast error is positively related with idiosyncratic risk, indicating that high-quality public information reduces that risk. Furthermore, our evidence demonstrates that management forecast error is less positively related with idiosyncratic risk in firms with the highest total assets and firms with one or more analysts actively tracking and publishing opinions on them. This indicates that management forecast error is less positively related with idiosyncratic risk in relatively good information environments.

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