This paper studies strategy related beliefs in five organizations in Hungary with substantial foreign participation. We find that one of the strongest determinants of similarity of beliefs was being a member of the functional area favored by the strategic change. The effect of being in the...

The negativity of managerial word choice (managerial tone) on conference calls is a telltale indicator of a company's future. Specifically, increases in negativity, what we term bleak tone changes, strongly predict lower future earnings and greater uncertainty. However, decreases in negativity...

We use a survey-based approach to provide new insight on managerial attitudes toward to market valuations — whether a corporate officer perceives her/his firm's stock price is undervalued or overvalued by the market. Though there is weak evidence in support of inside information hypothesis,...