In their article entitled "Voluntary forward-looking statements driven by corporate governance and their value relevance" Wang & Hussainey (2013) conclude that "the voluntary disclosure of forward-looking statements related to corporate governance helps investors to better anticipate future earnings."

a)Briefly summarise the arguments that Wang & Hussainey put forward to support this investigation. (200 words)

b)In your opinion, how do you think that this study may be beneficial to managers? (100 words).