Board characteristics and earnings forecasts accuracy in IPO prospectuses
نویسندگان
چکیده
منابع مشابه
The Reliability of Management Earnings Forecasts in IPO Prospectuses: A Study of Managers’ Forecasting Preferences
This study investigates the reliability of management earnings forecasts with reference to these two ingredients: verifiability and neutrality. Specifically, we examine the biasedness (or accuracy) of management earnings forecasts and company specific characteristics that can be associated with accuracy. Based on sample of 102 IPO prospectuses published for admission on NYSE Euronext Paris from...
متن کاملText Mining for Studying Management's Confidence in IPO Prospectuses and IPO Valuations
Understanding pricing strategies in the context of the Initial Public Offering (IPO) process has been receiving much attention. Most prior studies have however focused on information sources from post issuance periods, and understanding such strategies from the management’s perspective during the IPO process is still an open research issue. Form 424 variants, as finalized IPO prospectus approve...
متن کاملThe Effects of Transparency of Financial Information and Board Composition on Forecast Accuracy of Corporate Earnings
The aim of the present research is to determine the effects of financial information transparency and composition of board of directors on forecast accuracy of corporate earnings in companies. A corporation's key for success is hidden in its optimal direction. So it can be claimed that the secret of the eternal reputation of popular corporations lies in their efficient board of directors. One o...
متن کاملThe Use and Representational Faithfulness of Graphs in Australian IPO Prospectuses
for funding support. We thank the two anonymous referees, Rob Brown and workshop participants at Monash University, Clayton and AAANZ Conference 1997. We are grateful to Dean Hanlon for assistance with data collection and Dineli Mather for assistance with the design of the data base.
متن کاملThe informativeness of earnings and management’s issuance of earnings forecasts
Theory suggests that managers issue earnings forecasts to reduce information asymmetry. An earnings forecast is more effective in reducing information asymmetry if it contains earnings news that is relatively more informative about the firm’s value. We hypothesize that a manager is more likely to issue an earnings forecast if investors perceive that earnings are more informative. We measure ear...
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ژورنال
عنوان ژورنال: International Journal of Management and Economics
سال: 2019
ISSN: 2299-9701
DOI: 10.2478/ijme-2019-0003