Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10009317426
The use of more or less optimistic language in corporate disclosures has been the subject of increased interest in the academic literature. We add to this stream of research by examining the manager-specific component in the tone of earnings-announcement related conference calls. We find that...
Persistent link: https://www.econbiz.de/10013066884
This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to...
Persistent link: https://www.econbiz.de/10011445374
Persistent link: https://www.econbiz.de/10010407249
Persistent link: https://www.econbiz.de/10011695581
Persistent link: https://www.econbiz.de/10012029335
This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to...
Persistent link: https://www.econbiz.de/10012947928
Persistent link: https://www.econbiz.de/10014289485
This paper examines whether analysts and investors efficiently incorporate the informational cues from managerial linguistic complexity (e.g. Fog) on conference calls into their forecasts and trading decisions. We predict that managers use linguistic complexity to obfuscate before poor future...
Persistent link: https://www.econbiz.de/10012868363
While the shareholder benefits of investor conferences are well-documented, evidence on whether these conferences facilitate managerial opportunism is scarce. In this paper, we examine whether managers opportunistically exploit heightened attention around the conference to “hype” the stock....
Persistent link: https://www.econbiz.de/10013312918