TY  - JOUR
T1  - Gender Differences on Bias of IPO Earnings Forecasts
AU - Ahmad-Zaluki, Nurwati A. 
JO  - International Business Management
VL  - 10
IS  - 23
SP  - 5498
EP  - 5500
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.5498.5500
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.5498.5500
KW  - Corporate governance
KW  -earnings forecasts
KW  -female directors
KW  -gender
KW  -Malaysia
AB  - 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 univariate 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 (optimistcs forecasts bias) than companies having only male audit commitee.
ER  -