Valuation uncertainty risk compensation and IPO prospectus earnings forecasts

Jing Shi; Chris M. Bilson; John G. Powell

doi:10.1080/13504850600706107

Valuation uncertainty risk compensation and IPO prospectus earnings forecasts

Jing Shi^*, Chris M. Bilson, John G. Powell

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

Younger, riskier, less credible firms do not voluntarily supply initial public offering prospectus earnings forecasts. Nondisclosure increases valuation uncertainty risk, thus necessitating higher first-day underpricing and long-run performance as compensation.

Original language	English
Pages (from-to)	331-335
Number of pages	5
Journal	Applied Economics Letters
Volume	15
Issue number	5
DOIs	https://doi.org/10.1080/13504850600706107
Publication status	Published - Apr 2008

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abstract = "Younger, riskier, less credible firms do not voluntarily supply initial public offering prospectus earnings forecasts. Nondisclosure increases valuation uncertainty risk, thus necessitating higher first-day underpricing and long-run performance as compensation.",

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Valuation uncertainty risk compensation and IPO prospectus earnings forecasts

Abstract

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