Download or read book Litigation Risk and the Optimism in Long-horizon Management Forecasts of Bad News and Good News written by Helen Hurwitz and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: It appears that litigation risk in the pre-RegFD period is not sufficient to affect management forecasting behavior, and my findings only exist in the post-RegFD period. Last, I present evidence that is consistent with investors correctly perceiving and responding to the relative bias in bad new and good news management forecasts.