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Contemporary insights on corporate guidance: A discussion of Call, Hribar, Skinner, and Volant (2024)

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  • Mayew, William J.

Abstract

Guidance is an important and long-studied topic in the accounting literature. Call, Hribar, Skinner, and Volant (this issue) survey managers who provide guidance and those that do not to generate insights on the costs and benefits of providing guidance. For managers who do provide guidance, perceptions regarding guidance characteristics are elicited. Firm responses are connected to archival data sources, enabling cross-sectional analysis of survey responses and facilitating comparison of self-reported guidance with common guidance proxies in the archival literature. I discuss key insights from the survey, considering the limitations inherent in the survey method. I also clarify what is meant by the term guidance, how it differs from other forward-looking information and how researchers operationalize the guidance construct. I conclude by offering six research questions for future consideration based on the survey evidence.

Suggested Citation

  • Mayew, William J., 2024. "Contemporary insights on corporate guidance: A discussion of Call, Hribar, Skinner, and Volant (2024)," Journal of Accounting and Economics, Elsevier, vol. 78(2).
    • Handle: RePEc:eee:jaecon:v:78:y:2024:i:2:s0165410124000405
    DOI: 10.1016/j.jacceco.2024.101710
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    More about this item

    Keywords

    Management guidance; Forward-looking information; Survey methods; Voluntary disclosure;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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