The decision to voluntarily provide an IPO prospectus earnings forecast
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.
|Collections||ANU Research Publications|
|Source:||Applied Financial Economics Letters|
|01_Bilson_The_decision_to_voluntarily_2007.pdf||417.61 kB||Adobe PDF||Request a copy|
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