Good news today, bad news later.

My guess is that this surprises NO ONE, ;), but it is interesting to see it in writing.Short version: managers don't like to tell bad news.SSRN-Do Managers Withhold Bad News? by S.P. Kothari, Susan Shu, Peter Wysocki:Abstract: "In this study, we examine whether managers delay disclosure of bad news relative to good news. If managers accumulate and withhold bad news up to a certain threshold,