| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23425 |
| 来源ID | Working Paper 23425 |
| Straight Talkers and Vague Talkers: The Effects of Managerial Style in Earnings Conference Calls | |
| Michał Dzieliński; Alexander F. Wagner; Richard J. Zeckhauser | |
| 发表日期 | 2017-05-22 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Managers conducting earnings conference calls display distinctive styles in their word choice. Some CEOs and CFOs are straight talkers. Others, by contrast, are vague talkers. Vague talkers routinely use qualifying words indicating uncertainty, such as “approximately”, “probably”, or “maybe”. Analysts and the stock market attend to the style of managerial talk. They find earnings news less informative when managers are vague; they respond less and more slowly as a result. Thus, quantitative information and straightforward contextual information prove to be complements. Vague communications have the potential benefit of tamping down over-optimistic analysts expectations. |
| 主题 | Financial Economics ; Financial Markets ; Corporate Finance |
| URL | https://www.nber.org/papers/w23425 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581099 |
| 推荐引用方式 GB/T 7714 | Michał Dzieliński,Alexander F. Wagner,Richard J. Zeckhauser. Straight Talkers and Vague Talkers: The Effects of Managerial Style in Earnings Conference Calls. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23425.pdf（931KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
