The Information Content of IPO Prospectuses

By K. Hanley. 2009

464 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/6449c79e139e2f09404bfcac7f516de7afce7a62

Citations in the corpus

• Redacting Proprietary Information at the Initial Public Offering (2015, unknown): “Moreover, several studies examine disclosure in the context of IPOs and the association between the information content of IPO prospectuses and the levels of underpricing (Beatty and Ritter, 1986; Leone, Rock and Willenborg, 2007; Hanley and Hoberg, 2010; and Loughran and McDonald, 2013).”
• Quantifying Sentiment with News Media across Local Housing Markets (2018, unknown): “Textual analysis is an increasingly popular methodology used to quantify the tone of financial documents (Antweiler and Murray 2004; Loughran and McDonald 2011; Jegadeesh and Wu 2013; Hanley and Hoberg 2010).”
• Litigation Risk, Strategic Disclosure and the Underpricing of Initial Public Offerings (2012, unknown): “Consistent with Hanley and Hoberg (2010) and Hoberg and Phillips (2010), we measure how similar document content is using the cosine similarity method.”
• Word Power: A New Approach for Content Analysis (2013, unknown): “19In a related study, Hanley and Hoberg (2010) compute standard and informative content scores for IPO prospectuses of each firm based on their similarities with the prospectuses of contemporaries from the same industry.”
• Natural Language Processing in Accounting, Auditing and Finance: A Synthesis of the Literature with a Roadmap for Future Research (2016, unknown): “They used ordinary least squares (OLS) regressions to show that the tone and content of IPO prospectuses were predictive of future firm performance (Hanley & Hoberg, 2010).”
• Media Sentiment and IPO Underpricing (2017, unknown): “documented the informative effect of compulsory filings (Loughran and McDonald, 2013) or prospectuses (Hanley and Hoberg, 2010), others have instead focused on the role of media coverage as a way to enhance investor attention on the IPO (Liu et al, 2014a and 2014b).”
• Text-Based Network Industries and Endogenous Product Differentiation (2016, unknown): “The pairs we remove turn out to be relatively scarce, representing just 4 percent of the pairs in our data.”
• Offshore activities and financial vs operational hedging (2017, unknown): “Regarding SEC disclosures, earlier work includes Hanley and Hoberg (2010), Hoberg and Phillips (2015), Loughran and McDonald (2011) and Garcia and Norli (2012).”
• Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis (2010, unknown): “Hanley and Hoberg (2010) address theories of initial public stock offering (IPO) pricing by examining prospectus disclosures on the SEC Edgar website, and separate text into standard and informative content.”
• Using 10-K Text to Gauge Financial Constraints (2015, unknown): “In the context of IPOs, Hanley and Hoberg (2012) find that strong disclosure in the IPO prospectus lowers the probability of being sued.”