García Osma, BeatrizGuillamon-Saorin, EncarnaMercado, Facundo2023-09-272023-09-272023-05-01García Osma, B., Guillamón Saorín, E., & Mercado, F. (2022). Quarterly earnings guidance and real earnings management. Journal of Business Finance & Accounting, 50 (5-6), pp. 1029-1059.0306-686Xhttps://hdl.handle.net/10016/38459We examine if quarterly earnings guidance induces real earnings management. Quarterly guidance may cause myopia and inefficient decision-making, if managers become overly concerned with setting and beating short-term earnings targets. We test these associations on a large sample of US firms. Our evidence suggests that quarterly guidance is informative and lowers myopic incentives. However, our analyses also reveal endogenous associations exist between guidance and real earnings management. In contrast with existing concerns over frequent guiders, we find that guidance appears problematic in infrequent guiders, and in firms that issue good news earnings guidance and that operate in settings where earnings pressures are high.eng© The author(s)Atribución 3.0 EspañaFrequent guidanceManagement earnings forecastsReal earnings managementShort-termismresearch articleEconomíaEmpresahttps://doi.org/10.1111/jbfa.12683open access10295-61059Journal of Business Finance & Accounting50AR/0000032781