The decision to voluntarily provide an IPO prospectus earnings forecast

The determinants of IPO firm prospectus length in Africa

This paper studies the differential impact on IPO firm listing prospectus length from increasing proportions of foreign directors from civil as opposed to common law societies and social elites. Using a unique hand-collected and comprehensive sample of 165 IPO firms from across 18 African countries the evidence suggests that increasing proportions of directors from civil code law countries is a...

The Impact of Audit Quality on Earnings Management: An Experimental Study with Evidence from IPO

According to a method of earnings management activities that administrators can manage reported earnings from the definition of real activity. In particular they can be located across time and activities in a way that accounting period to achieve a certain revenue target. Conservative attitudes of auditors in presenting their views about the independence of the auditor can considered as a remar...

Why Do Managers Voluntarily Release Earnings Forecasts?

Managers often release earnings forecasts in advance of actual earnings announcements. It would appear that managers should at best be indifferent to such release given that the actual earnings will be disclosed at a future date. However, if the manager’s objective is to maximize his firm’s market value and he has control of production decisions, he may be motivated to release an earnings forec...

Earnings Management and Delisting Risk: The Case of IPO Firms

The usefulness of accounting fundamentals and other prospectus information in the valuation of IPO firms

† We acknowledge the useful comments from Nerissa Brown, Woo-Jin Chan, Jeff Coulton, Neil Fargher, Sarah McVay, Gil Sadka, Andreas Simon and participants at the AFAANZ Annual Conference in 2005. This work was started by Andrew Lynch as part of his honour’s thesis at the University of Melbourne, and completed while Asher Curtis and Julian Yeo were PhD students at the University of New South Wale...