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Keywords: IPOs
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Journal Articles
Journal:
Accounting Research Journal
Accounting Research Journal (2022) 35 (2): 219–237.
Published: 20 August 2021
...) estimates for a sample of initial public offerings (IPOs). Design/methodology/approach The authors use a sample of 1,657 NYSE, Amex and Nasdaq IPOs from 1972 to 2013. Findings The models of Hou et al. and Li and Mohanram produce relatively inaccurate and biased earnings forecasts, leading...
