Determinants of the Mauritian life insurance Industry's Performance– An Empirical Study
The present study investigates the effect of ownership structure and audit quality on earnings forecast optimism
in IPO prospectuses, issued in an emerging market over a period of seventeen years. We argue that the degree of inside
ownership and auditor reputation will have a positive effect on the credibility of forecasts issued in the IPO prospectuses.
The results, reported in the study, suggest that the quality of the auditors and proportion of private ownership play a
significant role in mitigating forecast optimism.