This study proposes that comparison of management earnings forecasts with audited,
reported earnings provides an approach to the measurement of audit quality. Assuming that …

Because there are no market‐determined prices for IPO shares before they are sold to
investors, issuers and underwriters must use nonprice information about the firm to set the …

In this study, we appeal to theories advanced by Darrough and Stoughton (1990) to
enhance our understanding of why some firms may voluntarily include directional forecasts …

Recent empirical work by Krinsky and Rotenberg (KR)(1989a, b) suggests that the
relationship between entrepreneurial ownership retention and initial valuation of …

This paper develops and analyzes a signaling model in which a firm discloses privately held
information to investors via a forecast. The forecast is constrained by the extent to which the …

This paper investigates aftermarket volatility and underpricing of the Initial Public Offerings
(IPOs) listed on the Toronto Stock Exchange during the period 1990–1999. Our results …

Risumi. Les auteurs font appel aux theories propos^ es par Darrough et Stoughton (1990)
afin de mieux comprendre pourquoi certaines entreprises incorporent volontairement des …

A discussion is presented of the Clarkson, Kao, and Richardson (1996) article examining
forecasts of operating performance disclosed in the annual reports of the Toronto Stock …

The main objective of Larsson and Chesley's (1986) paper is to provide a framework for an
auditor to assign a probability measure associated with uncertainty or ambiguity related to …

Corporate insiders, or managers of firms, come across information on a daily basis. We, as
accountants, are delegated the task of collecting, recording, classifying, analyzing, and …