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Religious Social Norms and Corporate Financial Reporting
Religion has been shown to influence economic choices and outcomes in a variety of contexts. Honesty and risk aversion are two social norms forwarded to characterize the religious. Using the level ofExpand
Evidence of Management Discrimination Among Analysts during Earnings Conference Calls
This paper considers the potential for public information disclosures to complement the existing private information of financial analysts. In such a setting, analysts allowed to participate duringExpand
The Power of Voice: Managerial Affective States and Future Firm Performance
We measure managerial affective states during earnings conference calls by analyzing conference call audio files using vocal emotion analysis software. We hypothesize and find that when managers areExpand
CEO tenure and the performance-turnover relation
In a broad cross-section of US firms, we document that the likelihood of a CEO’s performance-related dismissal declines in his tenure. This finding is consistent with both firm performance revealingExpand
Analyzing Speech to Detect Financial Misreporting
We examine whether vocal markers of cognitive dissonance are useful for detecting financial misreporting. We use speech samples of CEOs during earnings conference calls, and generate vocal dissonanceExpand
Using earnings conference calls to identify analysts with superior private information
We examine the extent to which analysts who participate in earnings conference calls by asking questions possess superior private information relative to analysts who do not ask questions. Using aExpand
MD&A Disclosure and the Firm's Ability to Continue as a Going Concern
ABSTRACT: This paper explores the role of textual disclosures in the Management, Discussion, and Analysis (MD&A) section of a firm's SEC 10-K filing in predicting a firm's ability to continue as aExpand
Do pennies matter? Investor relations consequences of small negative earnings surprises
Anecdotal and survey evidence suggest that managers take actions to avoid small negative earnings surprises because they fear disproportionate, negative stock-price effects. However, empiricalExpand
Analyst Reputation and the Issuance of Disaggregated Earnings Forecasts to I/B/E/S
Although sell-side analysts privately forecast revenues and expenses when producing earnings forecasts, not all analysts choose to provide I/B/E/S with earnings forecasts disaggregated into revenuesExpand
Employee Stock Option Fair-value Estimates: Do Managerial Discretion and Incentives Explain Accuracy?
We examine the determinants of managers' use of discretion over employee stock option (ESO) valuation-model inputs that determine ESO fair values. We also explore the consequences of such discretion.Expand