The decision to voluntarily provide an IPO prospectus earnings forecast

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

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (Scopus)
1 Downloads (Pure)

Abstract

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
Volume3
Issue number2
DOIs
Publication statusPublished - 1 Mar 2007
Externally publishedYes

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Earnings forecasts
Initial public offerings
Going public
Costs
Private firms

Cite this

Bilson, Chris M. ; Heaney, Richard A. ; Powell, John G. ; Shi, Jing. / The decision to voluntarily provide an IPO prospectus earnings forecast. In: Applied Financial Economics Letters. 2007 ; Vol. 3, No. 2. pp. 99-102.
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The decision to voluntarily provide an IPO prospectus earnings forecast. / Bilson, Chris M.; Heaney, Richard A.; Powell, John G.; Shi, Jing.

In: Applied Financial Economics Letters, Vol. 3, No. 2, 01.03.2007, p. 99-102.

Research output: Contribution to journalArticleResearchpeer-review

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