The DOI matches its Crossref record; 78 of the 78 references it cites were found in a registry or an index.
Does Silence Speak? An Empirical Analysis of Disclosure Choices During Conference Calls
Open accessAbstract
In this paper, we exploit the open nature of conference calls to explore whether managers withhold information from the investing public. Our evidence suggests that managers regularly leave participants on the conference call in the dark by not answering their questions. We find that the best predictors of such an event are firm size, a CEO's stock price–based incentives, company age, firm performance, litigation risk, and whether analysts are actively involved during the call's Q&A section. Finally, we document strong support for the assumption maintained in the literature that investors interpret silence negatively. That is, investors seem to interpret no news as bad news.
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Cites
Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
Petersen, M. A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn053 · Cited by 10,746
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An Empirical Evaluation of Accounting Income Numbers
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The economic implications of corporate financial reporting
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A Simple Model of Capital Market Equilibrium with Incomplete Information
MERTON, R. C. (1987) · The Journal of Finance · doi:10.1111/j.1540-6261.1987.tb04565.x · Cited by 5,811
Disclosure, Liquidity, and the Cost of Capital
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Good News and Bad News: Representation Theorems and Applications
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Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures
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Cited by
Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach
Huang, A. H., Lehavy, R., Zang, A. Y., & Zheng, R. (2018) · Management Science · doi:10.1287/mnsc.2017.2751 · Cited by 585
Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1
Hassan, T. A., Hollander, S., van Lent, L., Schwedeler, M., & Tahoun, A. (2020) · National Bureau of Economic Research · doi:10.3386/w26971 · Cited by 369
Self-citationAnalyzing Speech to Detect Financial Misreporting
HOBSON, J. L., MAYEW, W. J., & VENKATACHALAM, M. (2012) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2011.00433.x · Cited by 346
Pricing Climate Change Exposure
Sautner, Z., van Lent, L., Vilkov, G., & Zhang, R. (2023) · Management Science · doi:10.1287/mnsc.2023.4686 · Cited by 280
The Impact of Information Processing Costs on Firm Disclosure Choice: Evidence from the XBRL Mandate
BLANKESPOOR, E. (2019) · Journal of Accounting Research · doi:10.1111/1475-679x.12268 · Cited by 279
Metadata
- Authors
- HOLLANDER, S., PRONK, M., & ROELOFSEN, E.
- Venue
- Journal of Accounting Research
- Publisher
- Wiley
- Published
- 2010-04-09
- Volume
- 48
- Issue
- 3
- Pages
- 531-563
- ISSN
- 0021-8456 (ISSN-L)
- 1475-679X
- OpenAlex
- W3122294539
- Cited by
- 373
- References
- 78
- FWCI
- 27.01
- Type
- journal article
- Language
- en
- Open access
- green
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- HOLLANDER, S., PRONK, M., & ROELOFSEN, E. (2010). Does Silence Speak? An Empirical Analysis of Disclosure Choices During Conference Calls. Journal of Accounting Research. https://doi.org/10.1111/j.1475-679x.2010.00365.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.