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Earnings forecast errors in IPO prospectuses and their associations with initial stock returns

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  • Chen, Gongmeng
  • Firth, Michael
  • Krishnan, Gopal V.

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  • Chen, Gongmeng & Firth, Michael & Krishnan, Gopal V., 2001. "Earnings forecast errors in IPO prospectuses and their associations with initial stock returns," Journal of Multinational Financial Management, Elsevier, vol. 11(2), pages 225-240, April.
    • Handle: RePEc:eee:mulfin:v:11:y:2001:i:2:p:225-240
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    References listed on IDEAS

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    1. Shamsher Mohamad & Annuar Md Nassir & Tan Kung Kuing & Mohamed Ariff, 1994. "The Accuracy of Profit Forecasts of Malaysian IPOs," Capital Markets Review, Malaysian Finance Association, vol. 2(2), pages 49-70.
    2. Yin Chan, Anthony Moung & Kam Sit, Cora Luk & Li Tong, Millie Mei & Kit Wong, Daphne Chi & Yiu Chan, Ricko Wai, 1996. "Possible factors of the accuracy of prospectus earnings forecast in Hong Kong," The International Journal of Accounting, Elsevier, vol. 31(3), pages 381-398.
    3. Michael Firth, 1998. "IPO profit forecasts and their role in signalling firm value and explaining post-listing returns," Applied Financial Economics, Taylor & Francis Journals, vol. 8(1), pages 29-39.
    4. Brown, Ld & Richardson, Gd & Schwager, Sj, 1987. "An Information Interpretation Of Financial Analyst Superiority In Forecasting Earnings," Journal of Accounting Research, Wiley Blackwell, vol. 25(1), pages 49-67.
    5. Ranko Jelic & Brahim Saadouni & Richard Briston, 1998. "The accuracy of earnings forecasts in IPO prospectuses on the Kuala Lumpur Stock Exchange," Accounting and Business Research, Taylor & Francis Journals, vol. 29(1), pages 57-72.
    6. Firth, Michael, 1997. "An analysis of the stock market performance of new issues in New Zealand," Pacific-Basin Finance Journal, Elsevier, vol. 5(1), pages 63-85, February.
    7. Jaggi, Bikki, 1997. "Accuracy of forecast information disclosed in the IPO prospectuses of Hong Kong companies," The International Journal of Accounting, Elsevier, vol. 32(3), pages 301-319.
    8. Philip Lee & Stephen Taylor & Conrad Yee & Mervyn Yee, 1993. "Prospectus Earnings Forecasts: Evidence And Explanations," Australian Accounting Review, CPA Australia, vol. 3(5), pages 21-32, May.
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