수익비용대응, 자발적 공시와 경영자 예측의 정확성

초록

This study examines the effect of revenue-expense matching on the voluntary disclosure of managers and the accuracy of management forecast information. Although matching level has decreased consistently for several decades, it is reported that matching level is important information in view of earnings quality and information content. We complement a growing body of revenue-expense matching by linking matching level to forecasting information presented voluntarily by management. We find that matching level is positively associated with voluntary disclosure of managers. Further, we find that higher matching level reduces management forecast error. Consequently, our results imply that matching level is meaningful accounting information to assess the quality of management forecast information.

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