The results indicate that most management
forecasts are disclosed before the end of accounting
period. Specifically, 3,105 management forecasts
(69%) are issued before the end of accounting
period while 1,378 management forecasts (31%)
are issued after the end of accounting period.
Of 2,373 quarterly management forecasts, 1,333
management forecasts (56%) are issued before the
end of accounting period while 1,040 management
forecasts (44%) are issued after the end of
accounting period. Of 2,110 annual management
forecast, 1,772 management forecasts (84%) are
issued before the end of accounting period while