...Matthew T. Billett; Mark Ma (Shuai); Xiaoyun Yu ABSTRACT A firm’s initial public offering (IPO) generates negative externalities for industry competitors. To mitigate this threat, incumbent firms manage their earnings downward, issue more negative management forecasts, and use a more negative...

...Burcu Esmer; N. Bugra Ozel; Suhas A. Sridharan ABSTRACT We examine whether initial public offering (IPO) registration disclosures expose firms to greater nonshareholder litigation risk. Using hand-collected data on lawsuits initiated at federal and state courts against IPO firms, we show...

... uncertainty as to the market reception of their initial public offerings (IPOs). This is particularly salient for firms in new industries for which no peers have gone public, leaving companies with significant uncertainty over investor sentiment. A pervasive finding in the empirical literature...

... by the National University of Singapore. Editor's note: Accepted by Mohan Venkatachalam, under the Senior Editorship of Mark L. DeFond. May 2016 January 2018 2018 going concern management disclosures going concern audit opinions initial public offerings partial adjustment...

... Yat-sen University, University of Calgary, and Zhongnan University for helpful comments. Editor's note: Accepted by Morton Pincus. June 2012 January 2014 2014 initial public offerings International Financial Reporting Standards underpricing...