Forecast Accuracy and Bias in IPO Prospectuses: Recent New Zealand Evidence

This study examines the accuracy and bias of profit forecasts disclosed in prospectuses by New Zealand companies for initial public offerings during the period 1987 to 1994. The results show that profit forecasts in this period are, on average, more accurate titan those disclosed prior to 1987, whic...

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Veröffentlicht in:	Pacific accounting review 2000-01, Vol.12 (1), p.27-59
Hauptverfasser:	LYDIA HSU, WEN-HSI, Hay, David, Weil, Sidney
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Bias Corporate profits Earnings forecasting Financial reporting Hypotheses Hypothesis testing Initial public offerings Legislation Liability Litigation Prospecti Regression analysis Securities regulations Studies
Online-Zugang:	Volltext
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