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Are long-term earnings targets forecasts?

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Academic year: 2021

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Figure

Figure Al:  3-year  Cumulative  Performance Plan Timeline
Figure A2:  3-year  Consecutive  Annual  Plans Timeline
Figure A3:  Last year of Multi-year Plan Timeline
Figure 1:  Frequency  of Months from  Target Setting to Disclosure  Date  (n  =  1,025) 400 350 300 250 200 150 100 50 0 3  4  5  6  7  8  9  10  1  12  13  14  15  16  19  21  22  25
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