... evidence on how reduced mandatory disclosure affects the IPO market. That a reduction in disclosure might increase underpricing and post-IPO volatility raises the question of why an EGC firm would voluntarily eliminate some previously mandatory disclosures. In making this decision, managers trade off...

...Suhas A. Sridharan ABSTRACT This paper examines whether financial statement information can predict future realized equity volatility incremental to market-based equity volatility forecasts. I use an analytical framework to identify accounting-based drivers of realized volatility. My main...