The JOBS Act and Information Uncertainty in IPO Firms

2014 ◽  
Author(s):  
Mary E. Barth ◽  
Wayne R. Landsman ◽  
Daniel J. Taylor
Keyword(s):  
Information Uncertainty ◽  
Jobs Act

The JOBS Act and Information Uncertainty in IPO Firms

2017 ◽  
Vol 92 (6) ◽  
pp. 25-47 ◽  
Author(s):  
Mary E. Barth ◽  
Wayne R. Landsman ◽  
Daniel J. Taylor
Keyword(s):  
Private Information ◽  
Mandatory Disclosure ◽  
Information Uncertainty ◽  
Ipo Underpricing ◽  
Proprietary Cost ◽  
Jobs Act

ABSTRACT This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the Emerging Growth Company (EGC), and exempts EGCs from several disclosures required for non-EGCs. Our findings are consistent with proprietary cost concerns motivating EGCs to eliminate some of the previously mandatory disclosures, which increases information uncertainty in the IPO market, attracts investors who rely more on private information, and leads EGCs to provide additional post-IPO disclosures to mitigate the increased information uncertainty. Our results also are consistent with agency explanations, whereby EGCs exploit the JOBS Act provisions to avoid compensation-related disclosures, which results in larger IPO underpricing for such firms. Overall, we provide evidence on how reduced mandatory disclosure affects the IPO market.

In tema di Jobs Act. Il riordino dei tipi contrattuali

2015 ◽  
pp. 155-181 ◽  
Author(s):  
Tiziano Treu
Keyword(s):  
Jobs Act

La "solidarietà" in costanza di rapporto di lavoro dopo il Jobs Act

2017 ◽  
pp. 313-335
Author(s):  
Valentina Aniballi
Keyword(s):  
Jobs Act

Evaluation of Information Uncertainty in Mineral Resource Prediction and Assessment

2010 ◽  
Vol 12 (3) ◽  
pp. 342-347
Author(s):  
Shanming ZHANG ◽  
Xinbiao LV ◽  
Xiaochun TANG ◽  
Guoxiang DENG
Keyword(s):  
Mineral Resource ◽  
Information Uncertainty ◽  
Resource Prediction

Commonality in Information Uncertainty and Liquidity

2008 ◽  
Author(s):  
Ekkehart Boehmer ◽  
Sandra Mortal
Keyword(s):  
Information Uncertainty
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