世界十大高楼（6）

Part III. Accounting Information Disclosure and egulation Setting

1. Voluntary Disclosure

　(1)Voluntary Disclosure

* Required Reading

Healy, P., and K. Palepu, "Review Paper on Disclosure. " Harvard University working paper, 1999.

Wasley, C.E., and G.B. Waymire, "The Emergence of Investor Relations: Implications for Corporate Disclosure. " University of Rochester working paper, 1999.

Bushee, B., and C. F. Noe, "Unintended Consequences of Attracting Institutional Investors with Improved Disclosure." Harvard University working paper, January 1999.

Frankel, R., M. Johnson, and D.J. Skinner, "An Empirical Examination of Conference Calls as a Voluntary Disclosure Medium. " Journal of Accounting Research (Spring 1999), pg. 133-50.

Kasznik, R., "On the Association between Voluntary Disclosure and Earnings Management. " Journal of Accounting Research (Spring 1999), pg. 57-82.

Pownall, G., C. E. Wasley, and G. Waymire, "The Stock Price Effects of Alternative Types of Management Earnings Forecasts." The Accounting Review (October 1993), pg. 896-912.

Soffer, L., S. R. Thiagarajan, and B. Walther, "Earnings Preannouncements. " Northwestern University working paper, January 1998.

* Additional Reading (a blend of new and old)

Aboody, D., and R. Kasznik. "CEO Stock Option Awards and Voluntary Disclosures. " Stanford working paper, August 1999.

Ajinkya, B., and M. Gift, "Corporate Managers' Earnings Forecasts and Symmetrical Adjustments of Market Expectations." Journal of Accounting Research (Autumn 1984), pg. 425-44.

Baginski, S. P., E. J. Conrad, and J. M. Hassell, "The Effects of Management Forecast Precision on Equity Pricing and on the Assessment of Earnings Uncertainty." The Accounting Review (October 1993), pg. 913-927.

Baginski, S., and J. Hassell, "The Market Interpretation of Management Earnings Forecasts as a Predictor of Subsequent Financial Analyst Forecast Revision." The Accounting Review (January 1990), pg. 175-90.

Baginski, S., and J. Hassell, "Determinants of Management Forecast Precision. " The Accounting Review (April 1997), pg. 303-12.

Bagnoli, M., M. D. Beneish, and S. G. Watts. "Whispers and shouts: Forecasts of Quarterly Earnings Per Share. " Indiana University working paper, March 1998. Forthcoming in JAE.

Bamber, L. S., and Y. S. Cheon. " Discretionary Management Earnings Forecast Disclosures: Antecedents and Outcomes Associated with Forecast Venue and Forecast Specificity Choices. " Journal of Accounting Research (Autumn 1998), pg. 167-90.

Botosan, C., "Disclosure Level and the Cost of Equity Capital. " The Accounting Review (1997), pg. 323-49.

Cairney, T. D., and F. M. Richardson, "The Credibility of Management Forecasts of Annual Earnings. " Florida Atlantic University working paper, 1999.

Cameron, A., "A Review of Management's Earnings Forecast Research," Journal of Accounting Literature (1986), pg. 57-83.

Callahan, C. M., C. M. C. Lee, and T. L. Yohn, "Accounting Information and Bid-Ask Spreads. " Accounting Horizons (December 1997), pg. 50-60.

Coller, M., and T. L. Yohn, "Management Forecasts and Information Asymmetry: An Examination of Bid-Ask spreads." Journal of Accounting Research (Autumn 1997), pg. 181-91

Francis, J. D. Hanna, and D. Philbrick. "Management Communications with Analysts. " Journal of Accounting and Economics (1997), pg. 363-94.

Francis, J., D. Philbrick, and K. Schipper, "Shareholder Litigation and Corporate Disclosures." Journal of Accounting Research (Autumn 1994), pg. 137-164

Frankel, R., M. McNichols, and G. P. Wilson, "Discretionary Disclosure and External Financing." The Accounting Review (January 1995), pg. 135-150.

Han, J., and J. Wild, "Stock Price Behavior Associated with Managers' Earnings and Revenue Forecasts." Journal of Accounting Research (Spring 1991), pg. 79-95.

Hansen, G., and C. F. Noe, "When is Managers' Earnings Guidance Most Influential? " Harvard University working paper, July 1999.

Hassell, J., and R. Jennings, "Relative Forecast Accuracy and the Timing of Earnings Forecast Announcements." The Accounting Review (January 1986), pg. 58-75.

Healy, P., and K. Palepu. "The Effect of Firms' Disclosure Strategies on Stock Prices. " Accounting Horizons (March 1993), pg. 1-11.

Healy, P., and K. Palepu. "The Challenges of Investor Communication: The Case of CUC International. " Journal of Financial Economics (1995), pg. 111-40.

Healy, P., K. Palepu, and A. Hutton, "Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure. " Harvard University working paper, February 1999. Forthcoming in Contemporary Accounting Research

Jennings, R., "Unsystematic Security Price Movements, Management Earnings Forecasts, and Revisions in Consensus Analyst Earnings Forecasts." Journal of Accounting Research (Spring 1987), pg. 90-110.

Johnson, M., R. Kasznik, and K. Nelson, "The Impact of Securities Litigation reform on the Disclosure of Forward-Looking Information by High-Technology Firms. " Stanford working paper, 1999.

Kasznik, R., "Financial Reporting Discretion and Corporate Voluntary Disclosure: Evidence from the Software Industry. " Stanford working paper, September 1996.

Kasznik, R., and B. Lev, "To Warn or Not to Warn: Management Disclosures in the Face of an Earnings Surprise." The Accounting Review (January 1995), pg. 113-134.

Kile, C., G. Pownall, and G. Waymire, "How Frequently Do Managers Disclose Prospective Earnings Information?" Journal of Financial Statement Analysis (Spring 1998), pg. 5-16.

King, R., G. Pownall, and G. Waymire, "Expectations Adjustment Via Timely Management Forecasts: Review, Synthesis, and Suggestions for Future Research." Journal of Accounting Literature (1990), pg. 113-44.

Lang, M., and R. Lundholm. "Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures. " Journal of Accounting Research (Autumn 1993), pg. 246-71.

Lang, M., and R. Lundholm. "Corporate Disclosure Policy and Analyst Behavior. " The Accounting Review (October 1996), pg. 467-92.

Lev, B., and S. Penman, "Voluntary Forecast Disclosure, Nondisclosure, and Stock Prices." Journal of Accounting Research (Spring 1990), pg. 49-76.