The decision to voluntarily provide an IPO prospectus earnings forecast

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

Applied Financial Economics Letters, 2007, vol. 3, issue 2, 99-102

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.

Date: 2007
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DOI: 10.1080/17446540600883210

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