The Voluntary Disclosure of Profits Forecasts in UK IPOs Prospectuses, Its Determinants and Implications

Download The Voluntary Disclosure of Profits Forecasts in UK IPOs Prospectuses, Its Determinants and Implications PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!


Book Synopsis The Voluntary Disclosure of Profits Forecasts in UK IPOs Prospectuses, Its Determinants and Implications by : Zeina Al-Ahmad

Download or read book The Voluntary Disclosure of Profits Forecasts in UK IPOs Prospectuses, Its Determinants and Implications written by Zeina Al-Ahmad and published by . This book was released on 2014 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the differences between IPOs that voluntarily disclose earnings forecasts in their prospectuses and those that do not. Using a sample of 166 UK IPOs listed between 1992-2002, we investigate whether forecasters have different firms' characteristics than non forecasters and whether they perform differently in the short and medium term. The results support the hypotheses that forecasters are firms that are closer to their financial year-end, have lower past profit variability, and higher growth prospect than non forecasters. However, the initial and after market returns of forecasters are not better than that of non forecasters. We also find evidence that optimistic forecasters, ceteris paribus, significantly underperform conservative forecasters and non forecasters in the mid term. Moreover, at the time of going public, investors can use earnings predicted by time series models to asses the performance of forecasters IPOs.

Voluntary Disclosure of Management Earnings Forecasts in IPO Prospectuses

Download Voluntary Disclosure of Management Earnings Forecasts in IPO Prospectuses PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Voluntary Disclosure of Management Earnings Forecasts in IPO Prospectuses by : Bruce J. McConomy

Download or read book Voluntary Disclosure of Management Earnings Forecasts in IPO Prospectuses written by Bruce J. McConomy and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Asymmetric information and mechanisms for its resolution in the initial public offering (IPO) process are subjects of extensive research and debate. In this paper, we investigate the impact of one such mechanism, namely voluntary disclosure of management earnings forecasts by issuers of IPOs, as a means of reducing asymmetric information as well as ex ante uncertainty. Our focus is on the relative importance of this voluntary disclosure mechanism on both IPO underpricing and post-issue return performance. Our results indicate that management earnings forecasts provide important and incremental information compared to other means of reducing asymmetric information, and these disclosures appear to improve the environment of IPO issuance. For example, our underpricing results show that firms that choose to provide forecasts leave quot;less money on the tablequot; with a lower degree of underpricing. In terms of post-issue performance, firms whose forecasts turn out to be optimistic are penalized significantly relative to other forecasters and non-forecasters.

Earnings Forecasts Disclosed in UK IPO Prospectuses: an Empirical Analysis of the Determinants and Implications of Their Disclosure and Accuracy/bias

Download Earnings Forecasts Disclosed in UK IPO Prospectuses: an Empirical Analysis of the Determinants and Implications of Their Disclosure and Accuracy/bias PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (643 download)

DOWNLOAD NOW!


Book Synopsis Earnings Forecasts Disclosed in UK IPO Prospectuses: an Empirical Analysis of the Determinants and Implications of Their Disclosure and Accuracy/bias by : Zeina Al-Ahmad

Download or read book Earnings Forecasts Disclosed in UK IPO Prospectuses: an Empirical Analysis of the Determinants and Implications of Their Disclosure and Accuracy/bias written by Zeina Al-Ahmad and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Survey of the European IPO Market

Download A Survey of the European IPO Market PDF Online Free

Author :
Publisher : CEPS
ISBN 13 : 9290796588
Total Pages : 94 pages
Book Rating : 4.2/5 (97 download)

DOWNLOAD NOW!


Book Synopsis A Survey of the European IPO Market by :

Download or read book A Survey of the European IPO Market written by and published by CEPS. This book was released on 2006 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Earnings Management

Download Earnings Management PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0387257713
Total Pages : 587 pages
Book Rating : 4.3/5 (872 download)

DOWNLOAD NOW!


Book Synopsis Earnings Management by : Joshua Ronen

Download or read book Earnings Management written by Joshua Ronen and published by Springer Science & Business Media. This book was released on 2008-08-06 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Multinational Finance Journal

Download Multinational Finance Journal PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Multinational Finance Journal by :

Download or read book Multinational Finance Journal written by and published by . This book was released on 2011 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financial Crisis Inquiry Report

Download The Financial Crisis Inquiry Report PDF Online Free

Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

DOWNLOAD NOW!


Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

The IPO Decision

Download The IPO Decision PDF Online Free

Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008782
Total Pages : 400 pages
Book Rating : 4.0/5 (87 download)

DOWNLOAD NOW!


Book Synopsis The IPO Decision by : Jason Draho

Download or read book The IPO Decision written by Jason Draho and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Initial public offerings (IPOs) garnered unprecedented positive attention in the 1990s for their spectacular returns and central role in entrepreneurial activity. Subsequent revelations of unscrupulous IPO allocation and promotion practices cast a less fa.

Capitalizing China

Download Capitalizing China PDF Online Free

Author :
Publisher : University of Chicago Press
ISBN 13 : 0226237249
Total Pages : 401 pages
Book Rating : 4.2/5 (262 download)

DOWNLOAD NOW!


Book Synopsis Capitalizing China by : Joseph P. H. Fan

Download or read book Capitalizing China written by Joseph P. H. Fan and published by University of Chicago Press. This book was released on 2013 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."

Securities Market Issues for the 21st Century

Download Securities Market Issues for the 21st Century PDF Online Free

Author :
Publisher :
ISBN 13 : 9781982966850
Total Pages : 476 pages
Book Rating : 4.9/5 (668 download)

DOWNLOAD NOW!


Book Synopsis Securities Market Issues for the 21st Century by : Merritt B. Fox

Download or read book Securities Market Issues for the 21st Century written by Merritt B. Fox and published by . This book was released on 2018 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Glosario Del Banco Mundial

Download Glosario Del Banco Mundial PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 468 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Glosario Del Banco Mundial by : World Bank

Download or read book Glosario Del Banco Mundial written by World Bank and published by World Bank Publications. This book was released on 1996 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the World Bank has been revised and expanded by the Terminology Unit in the Languages Services Division of the World Bank in collaboration with the English, Spanish, and French Translation Sections. The Glossary is intended to assist the Bank's translators and interpreters, other Bank staff using French and Spanish in their work, and free-lance translator's and interpreters employed by the Bank. For this reason, the Glossary contains not only financial and economic terminology and terms relating to the Bank's procedures and practices, but also terms that frequently occur in Bank documents, and others for which the Bank has a preferred equivalent. Although many of these terms, relating to such fields as agriculture, education, energy, housing, law, technology, and transportation, could be found in other sources, they have been assembled here for ease of reference. A list of acronyms occurring frequently in Bank texts (the terms to which they refer being found in the Glossary) and a list of international, regional, and national organizations will be found at the end of the Glossary.

U.S. Regulation of the International Securities and Derivatives Markets

Download U.S. Regulation of the International Securities and Derivatives Markets PDF Online Free

Author :
Publisher : Aspen Law & Business Publishers
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis U.S. Regulation of the International Securities and Derivatives Markets by :

Download or read book U.S. Regulation of the International Securities and Derivatives Markets written by and published by Aspen Law & Business Publishers. This book was released on 2002 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Airline Finance

Download Airline Finance PDF Online Free

Author :
Publisher : Routledge
ISBN 13 : 1351163140
Total Pages : 281 pages
Book Rating : 4.3/5 (511 download)

DOWNLOAD NOW!


Book Synopsis Airline Finance by : Peter S. Morrell

Download or read book Airline Finance written by Peter S. Morrell and published by Routledge. This book was released on 2019-09-30 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Air transport industry finance, with its complexity and special needs such as route rights, airport slots, aircraft leasing options and frequent flyer programmes, requires specific knowledge. While there are numerous financial management and corporate finance texts available, few of these provide explanations for the singularities of the airline industry with worked examples drawn directly from the industry itself. Revised and updated in its third edition, this internationally renowned and respected book provides the essentials to understanding all areas of airline finance. Designed to address each of the distinct areas of financial management in an air transport industry context, it also shows how these fit together, while each chapter and topic provides a detailed resource which can be also consulted separately. Supported at each stage by practical airline examples, it examines the financial trends and prospects for the airline industry as a whole, contrasting the developments for the major regions and airlines. Important techniques in financial analysis are applied to the airline industry, together with critical discussion of key issues. Thoroughly amended and updated throughout, the third edition reflects the many developments that have affected the industry since 2001. It features several important new topics, including Low Cost Carriers (LCCs), fuel hedging and US Chapter 11 provisions. The sections on financial statements and privatisation have been expanded, and a new chapter has been added on equity finance and IPOs. New case studies have been added, as well as the latest available financial data. The range and perspective is even greater than before, with significant expansion of material specific to the US and Asia. The book is a key resource for students of airline management, and a sophisticated and authoritative guide for analysts in financial institutions and consultancies, executives in airlines and related industries, and civil aviation departments.

Earnings Quality

Download Earnings Quality PDF Online Free

Author :
Publisher : Research Foundation of the Institute of Chartered Financial Analysts
ISBN 13 : 9780943205687
Total Pages : 152 pages
Book Rating : 4.2/5 (56 download)

DOWNLOAD NOW!


Book Synopsis Earnings Quality by : Patricia M. Dechow

Download or read book Earnings Quality written by Patricia M. Dechow and published by Research Foundation of the Institute of Chartered Financial Analysts. This book was released on 2004-01-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

中华人民共和国证劵法

Download 中华人民共和国证劵法 PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!


Book Synopsis 中华人民共和国证劵法 by : China

Download or read book 中华人民共和国证劵法 written by China and published by . This book was released on 2000 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Reporting and Disclosure Practices

Download Financial Reporting and Disclosure Practices PDF Online Free

Author :
Publisher : Deep and Deep Publications
ISBN 13 : 9788176292030
Total Pages : 388 pages
Book Rating : 4.2/5 (92 download)

DOWNLOAD NOW!


Book Synopsis Financial Reporting and Disclosure Practices by : Peddina Mohana Rao

Download or read book Financial Reporting and Disclosure Practices written by Peddina Mohana Rao and published by Deep and Deep Publications. This book was released on 2000 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Standards of Practice Handbook, Eleventh Edition

Download Standards of Practice Handbook, Eleventh Edition PDF Online Free

Author :
Publisher :
ISBN 13 : 9780938367857
Total Pages : pages
Book Rating : 4.3/5 (678 download)

DOWNLOAD NOW!


Book Synopsis Standards of Practice Handbook, Eleventh Edition by : CFA Institute

Download or read book Standards of Practice Handbook, Eleventh Edition written by CFA Institute and published by . This book was released on 2014-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: