Blau, Benjamin M.; DeLisle, Jared R.; Price, S. McKay - In: Journal of Corporate Finance 31 (2015) C, pp. 203-219
Recent research finds that investors, broadly defined, react to the linguistic tone of quarterly earnings conference calls; there is a positive relation between firms' stock returns and call tone (a measure of “sentiment” related word tabulations). However, this type of soft information can...