Study on Management Characteristics and Earnings Forecast Disclosure Willingness Based on Logistic Regression Model

This paper studied the relationship between the management characteristics and the earnings forecast disclosure willingness within Chinese listed companies. Management characteristics were being defined and summarized as four aspects: structure characteristics, incentive characteristics, background characteristics and external governance mechanism. The Logistic regression model was applied to carry out an empirical analysis on the effect of specific variables of management characteristics on the earnings forecast disclosure willingness. The results show that the board size, managers’ changes, asset-liability ratio and managers’ stockholdings are the major factors. The board size relates with the earnings forecast disclosure willingness significant negative; manager’s changes, assetliability ratio and managers’ stockholdings relate with the earnings forecast disclosure willingness significant positive. Other variables of management characteristics have no significant influence.