Ahmad Zaluki, Nurwati Ashikkin (2016) Gender differences on bias of IPO earnings forecasts. International Business Management, 10 (23). pp. 5498-5500. ISSN 1993-5250

PDF Restricted to Registered users only Download (92kB) | Request a copy

Abstract

This study investigates whether the gender differences of audit committees influences the bias of earnings forecasts. Using earnings forecasts data disclosed in the IPO prospectuses, this study made a comparison with the actual earnings reported in the first publish annual reports to identify such bias. The bias in earnings forecast is divided into two components: pessimistic and optimistic. The uni-variate analysis is applied using IPO companies that went public during the period 1999-2008 where the requirement on earnings forecast disclosure in Malaysia is mandatory. This study finds that companies having female directors on the audit committee have greater negative forecast errors (optimists forecasts bias) than companies having only male audit committee.

Item Type:	Article
Uncontrolled Keywords:	Corporate governmence,earning forecasts,female directors, gender, Malaysia
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Othman Yeop Abdullah Graduate School of Business
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	01 Apr 2019 00:48
Last Modified:	01 Apr 2019 00:48
URI:	https://repo.uum.edu.my/id/eprint/25815

Actions (login required)

View Item