..., research shows that the act of asking questions during conference calls fails to provide meaningful direct benefits to the questioning analyst ( Mayew, Sharp, and Venkatachalam 2013 ). On the other hand, recent evidence based on intraday returns demonstrate that share prices react to specific analyst...

... default swaps conference calls earnings announcements IR debt markets CDS Investor relations (hereafter, IR) personnel have an overarching influence on corporate disclosures because they control the “communication among corporate management, shareholders, securities analysts, and other...

...William J. Mayew; Mani Sethuraman; Mohan Venkatachalam ABSTRACT This paper deepens our understanding of the anatomy of an earnings conference call. Prior research indicates that, on average, analysts providing bullish stock recommendations or beatable earnings forecasts benefit from greater access...

...Francois Brochet; Gregory S. Miller; Patricia Naranjo; Gwen Yu ABSTRACT We examine how managers' ethnic cultural background affects their communication with investors. Using earnings conference calls with executives from 42 countries, we find that managers from ethnic groups that have a more...

...Anne Heinrichs; Jihwon Park; Eugene F. Soltes ABSTRACT Using a set of proprietary records, we examine who consumes quarterly earnings conference calls and under which circumstances the calls are consumed. While there is significant interest in calls by institutional investors and sell-side...

...Joshua Lee ABSTRACT This paper examines whether market participants infer negative information about future unexpected firm performance when managers adhere to predetermined scripts when responding to questions during earnings conference calls. I argue that managers respond to questions from...

...Dawn Matsumoto; Maarten Pronk; Erik Roelofsen ABSTRACT Conference calls held in conjunction with an earnings release have become increasingly common in recent years, yet there is little evidence regarding the reasons that these calls are incrementally informative over the accompanying press...