Data: LSEG Guidance Reports (GR)
Embedded Files
For useful information and assistance with obtaining and extracting LSEG Guidance Reports (GR) data, please visit the dedicated website:
What are LSEG Guidance Reports (GR)?
Guidance Reports (GR) are produced by LSEG and contain raw as-reported corporate issued guidance. GR content is sourced from company public disclosures, such as conference calls, press releases, analyst days, and industry conferences. Academic scholars can obtain GR data via LSEG Workspace with LSEG license.
If you have any questions about our paper or about using GR for your own research, please feel free to contact me via email: xiaoxi.wu@unibocconi.it . Happy to help!
To read more about how GR can be used for accounting research, our paper introducing and utilizing the data is available on SSRN:
Mayew, William J. and Pinto, Jedson and Wu, Xiaoxi, On the Usefulness of Guidance Reports (2026).
Review of Accounting Studies, Accepted.
Available here: link
Abstract:
We extract and describe corporate-issued guidance contained in over 23,000 LSEG Guidance Reports (GR) of S&P 1,500 firms from 2005 to 2021. Our sample contains 1.735 million GR guidance instances that span over 180 guided items and fall into three broad categories: (1) qualitative topics, (2) consolidated financial statements, and (3) other key performance indicators. We identify research opportunities arising from GR's rich features, including quantitative or qualitative form, underpinning text, disclosure channels, and source speakers. We also compare GR to the commonly used I/B/E/S Guidance (IG) database, which covers only quantitative guidance for 13 items. Approximately 1.494 million GR instances fall outside IG's coverage, and even among overlapping items, only a subset is translated to IG based on LSEG cost-benefit considerations. Our findings suggest researchers should be aware of the extent and nature of IG omissions when studying guidance.
Google Sites
Report abuse