The decision to voluntarily provide an IPO prospectus earnings forecast

Chris M. Bilson, Richard A. Heaney, John G. Powell, Jing Shi*

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (Scopus)
38 Downloads (Pure)


Conditions under which private firms going public will voluntarily disclose earnings forecasts in initial public offerings prospectuses are explored. The analysis implies younger, riskier companies do not voluntarily forecast earnings because of the potential costs of not performing as well as forecast.

Original languageEnglish
Pages (from-to)99-102
Number of pages4
JournalApplied Financial Economics Letters
Issue number2
Publication statusPublished - 1 Mar 2007
Externally publishedYes


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