The impact of regulation on firms’ ability to habitually meet or beat analysts’ expectations

摘要: Abstract Firms are pressured to meet or beat analysts’ expectations (MBE) avoid being penalized by the market. Some firms sporadically MBE while other able consistently, habitually, MBE. This study is an exploratory attempt investigate how habitual different from that MBE, and whether regulation FD Sarbanes–Oxley Act have affected firms’ ability habitually in post periods. We find than sporadic firms, they use strategies less firms. Furthermore, it has become more difficult for post-regulation