Casting Conference Calls

Published Online:https://doi.org/10.1287/mnsc.2019.3423

References

  • Agrawal A, Chadha S, Chen MA (2006) Who is afraid of Reg FD? The behavior and performance of sell-side analysts following the SEC’s fair disclosure rules. J. Bus. 79(6):2811–2834.CrossrefGoogle Scholar
  • Bensinger G (2014) Amazon's revenue surges but disappoints. Wall Street Journal (January 30), https://www.wsj.com/articles/amazon8217s-revenue-surges-1391116072.Google Scholar
  • Bergman N, Roychowdhury S (2008) Investor sentiment, expectations, and corporate disclosure. J. Accounting Res. 46(5):1057–1083.Google Scholar
  • Chen S, Matsumoto D (2006) Favorable vs. unfavorable recommendations: The impact on analyst’ access to management-provided information. J. Accounting Res. 40(4):657–689.CrossrefGoogle Scholar
  • Chen S, Hollander S, Law K (2014) The price of silence: When no one asks questions during conference calls. Working paper, University of Texas, Austin.Google Scholar
  • Cohen L, Frazzini A, Malloy C (2010) Sell side school ties. J. Finance 65(4):1409–1437.CrossrefGoogle Scholar
  • DellaVigna S, Pollet J (2009) Investor inattention and Friday earnings announcements. J. Finance 64(2):709–749.CrossrefGoogle Scholar
  • Diether KB, Scherbina A, Malloy C (2002) Differences of opinion and the cross-section of stock returns. J. Finance 57(5):2113–2141.CrossrefGoogle Scholar
  • Fama E, French K (2015) A five-factor asset pricing model. J. Financial Econom. 116(1):1–22.CrossrefGoogle Scholar
  • Frazzini A, Lamont O (2006) The earnings announcement month premium and trading volume. Working paper, Yale University, New Haven, CT.Google Scholar
  • Gintschel A, Markov S (2004) The effectiveness of regulation FD. J. Accounting Econom. 37(3):293–314.CrossrefGoogle Scholar
  • Gompers P, Ishii J, Metrick A (2003) Corporate governance and equity prices. Quart. J. Econom. 118(1):107–155.Google Scholar
  • Groysberg B, Healy P, Chapman C, Shanthikumar D, Gui Y (2007) Do buy-side analysts out-perform the sell-side? Working paper, Harvard University, Cambridge, MA.Google Scholar
  • Hobson J, Mayew WJ, Venkatachalam M (2012) Analyzing speech to detect financial misreporting. J. Accounting Res. 50(2):349–392.CrossrefGoogle Scholar
  • Hollander S, Pronk M, Roelofsen E (2010) Does silence speak? An empirical analysis of disclosure choices during conference calls. J. Accounting Res. 48(3):531–563.CrossrefGoogle Scholar
  • Hirshleifer D, Hou K, Teoh SH (2012) The accruals anomaly: Risk or mispricing? Management Sci. 58(2):320–335.LinkGoogle Scholar
  • Hirshleifer D, Lim S, Teoh SH (2009) Driven to distraction: Extraneous events and underreaction to earnings news. J. Finance 64(5):2289–2325.CrossrefGoogle Scholar
  • Hong H, Kubik JD (2003) Analyzing the analysts: Career concerns and biased forecasts. J. Finance 58(1):313–351.CrossrefGoogle Scholar
  • Hou K, Xue C, Zhang L (2015) Digesting anomalies: An investment approach. Rev. Financial Stud. 28(3):650–705.CrossrefGoogle Scholar
  • Irvine P (2003) The incremental impact of analyst initiation of coverage. J. Corporate Finance 9(4):431–451.CrossrefGoogle Scholar
  • Jayakumar A, Tsukayama H (2014) Amazon increases Prime's cost as it turns focus to profit. Washington Post (March 13), https://www.washingtonpost.com/business/economy/amazon-increases-primes-cost-as-it-turns-focus-to-profit/2014/03/13/f23db646-aabb-11e3-98f6-8e3c562f9996_story.html.Google Scholar
  • Kothari SP, Shu S, Wysocki P (2009) Do managers withhold bad news? J. Accounting Res. 47(1):241–276.CrossrefGoogle Scholar
  • Kumar A (2010) Self-selection and the forecasting abilities of female equity analysts. J. Accounting Res. 48(2):393–435.CrossrefGoogle Scholar
  • Larcker D, Zakolyukina A (2012) Detecting deceptive discussions in conference calls. J. Accounting Res. 50(2):495–540.CrossrefGoogle Scholar
  • Lin H-W, McNichols MF (1998) Underwriting relationships, analysts’ earnings forecasts and investment recommendations. J. Accounting Econom. 25(1):101–127.Google Scholar
  • Lin H-W, McNichols MF, O'Brien P (2005) Analyst impartiality and investment banking relationships. J. Accounting Res. 43(4):623–650.Google Scholar
  • Loughran T, McDonald B (2011) When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks. J. Finance 66(1):35–65.Google Scholar
  • Martinez A (2013) Amazon analyst frozen out on company Q&A calls. Seattle Times (May 1), https://www.seattletimes.com/business/amazon-analyst-frozen-out-on-company-qa-calls/.Google Scholar
  • Matsumoto D, Pronk M, Roelofsen E (2011) What makes conference calls useful? The information content of managers’ presentations and analysts discussion sessions. Accounting Rev. 86(4):1383–1414.CrossrefGoogle Scholar
  • Mayew W (2008) Evidence of management discrimination among analysts during earnings conference calls. J. Accounting Res. 46(3):627–659.CrossrefGoogle Scholar
  • Mayew W, Sharp N, Venkatachalam M (2013) Using earnings conference calls to identify analysts with superior private information. Rev. Accounting Stud. 18(2):386–413.CrossrefGoogle Scholar
  • Mayew WJ, Venkatachalam M (2012) The Power of Voice: Managerial Affective States and Future Firm Performance. J. Finance 67(1):1–43.CrossrefGoogle Scholar
  • Michaely R, Womack KL (1999) Conflict of interest and the credibility of underwriter analyst recommendations. Rev. Financial Stud. 12(4):653–686.CrossrefGoogle Scholar
  • Mohanram P, Sunder SV (2006) How has regulation FD affected the operations of financial analysts? Contemporary Accounting Res. 23(2):491–525.CrossrefGoogle Scholar
  • Niessner M (2013) Strategic disclosure timing and insider trading. Working paper, Yale University, New Haven, CT.Google Scholar
  • Sloan R (1996) Do stock prices fully reflect the information in accruals and cash flows about future earnings? Accounting Rev. 71(3):289–316.Google Scholar
  • Stickel S (1992) Reputation and performance among security analysts. J. Finance 47(5):1811–1836.CrossrefGoogle Scholar
  • Zhou D (2014) The blame game. Working paper, Emory University, Atlanta.Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.