Sun, Jerry; Liu, Guoping - In: Global Finance Journal 20 (2009) 2, pp. 165-179
This study examines whether the Chinese Securities Regulatory Commission (the CSRC) Regulation No. 12-1996, Announcement of Some Rules on the Issuance of Shares, may enhance the credibility of management earnings forecasts in Chinese IPO prospectuses. Using a sample of 858 IPO earnings forecasts...
