Grace Lee Researches CEO Internal Experience and Voluntary Disclosure quality with Evidence from Management Forecasts
Assistant Professor Hye Seung (Grace) Lee’s co-authored article, “CEO internal experience and voluntary disclosure quality: Evidence from management forecasts,” appears in the November 2018 volume of The Journal of Business Finance & Accounting. The paper examines whether internally promoted CEOs are more likely to disclose higher quality disclosure at S&P 1500 from 2001 and 2011. They find that internal experience resulted in more voluntary earnings forecasts and more accurate earnings forecasts. In addition, the article finds that investors react more strongly to forecasts issued by insider CEOs.