Peers’ Disclosure of Investment Plans and Market Feedback to Managers
Journal of Accounting, Auditing & Finance
Published online on November 28, 2024
Abstract
Journal of Accounting, Auditing & Finance, Volume 41, Issue 2, Page 387-424, April 2026.
Capex guidance disclosed by a firm’s peers provides useful information about their peers’ investment plans. In this study, we find a positive association between peers’ capex guidance and managerial learning about investment opportunities from stock ...
Capex guidance disclosed by a firm’s peers provides useful information about their peers’ investment plans. In this study, we find a positive association between peers’ capex guidance and managerial learning about investment opportunities from stock ...