Dividend initiations are an economically significant event that has important implications for a firm's future financial capacity. Given the market's expectation of a consistent payout, managers of IPO firms must approach the initial dividend decision cautiously. We compare the long run...

This paper examines how corporate ownership and governance relate to the timeliness of price discovery, referred to as the speed of incorporation of value-relevant information into the stock price. Using a panel data of 1,138 Australian firm-year observations from 2001 to 2008, we predict and...

This paper examines the initiation of analyst coverage of IPO firms in the presence of management forecasts. For a sample of 763 Australian IPOs from 1992 to 2004, we find firms that provide a management forecast in the prospectus are more likely to receive analyst coverage, after correcting for...