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| Author: | Chan, A. |
| Title: | Possible factors of the accuracy of prospectus earnings forecast in Hong Kong |
| Journal: | International Journal of Accounting
1996 : VOL. 31:3, p. 381-398 |
| Index terms: | INTERNATIONAL ACCOUNTING HONG KONG |
| Language: | eng |
| Abstract: | Among different kinds of public information available for assessing the quality of initial public offering (IPO) candidates, prospectus earnings forecasts (PEF) form a significant subset. This study is a continuation of the efforts of previous international accounting researchers to identify the possible factors of the accuracy of PEF. The data set consists of 110 IPO companies which were floated in the Hong Kong stock market during the years 1990-1992. Results of this study indicate that PEF accuracy in the Hong Kong context tends to increase if the past profit variability is lower. |
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