Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows
@inproceedings{Blankespoor2015PerceptionsAP, title={Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows}, author={Elizabeth Blankespoor and Bradley E. Hendricks and Gregory S. Miller}, year={2015} }
This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to capture viewers’ overall perceptions of a CEO, is positively associated with pricing at all stages of the IPO (proposed price, offer price and end of first day of trading). Further, the impact is greater for… CONTINUE READING
Figures and Tables from this paper.
Citations
Publications citing this paper.
SHOWING 1-9 OF 9 CITATIONS
Online Appendix to: “Facial Structure and Achievement Drive: Evidence from Financial Analysts” 1. Alternative performance measures In this section, we test whether the fWHR-performance association is robust towards alternative performance measures, including the probability of being selected as star
VIEW 2 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED
Investor Reaction to Disclosure of Past Performance and Future Plans
VIEW 1 EXCERPT
CITES BACKGROUND
Corporate Communication and Shareholder Retention: Evidence from Spin-Off Roadshows
VIEW 1 EXCERPT
CITES BACKGROUND
Voluntary Internal Control Weakness Disclosures in Initial Public Offerings: Determinants and Subsequent Financial Reporting Quality
VIEW 3 EXCERPTS
CITES METHODS & BACKGROUND
References
Publications referenced by this paper.
SHOWING 1-10 OF 101 REFERENCES
Beauty is Wealth: CEO Appearance and Shareholder Value
VIEW 6 EXCERPTS
HIGHLY INFLUENTIAL
IPO First-Day Returns, Offer Price Revisions, Volatility, and Form S-1 Language
VIEW 7 EXCERPTS
HIGHLY INFLUENTIAL
Equilibrium in the Initial Public Offerings Market
VIEW 7 EXCERPTS
HIGHLY INFLUENTIAL
Wanna Dance? How Firms and Underwriters Choose Each Other
VIEW 4 EXCERPTS
HIGHLY INFLUENTIAL
Toward a histology of social behavior: Judgmental accuracy from thin slices of the behavioral stream
VIEW 5 EXCERPTS
HIGHLY INFLUENTIAL
Half a minute: Predicting teacher evaluations from thin slices of nonverbal behavior and physical attractiveness.
VIEW 5 EXCERPTS
HIGHLY INFLUENTIAL
The underpricing of initial public offerings and the partial adjustment phenomenon
VIEW 7 EXCERPTS
HIGHLY INFLUENTIAL
Thin slices of expressive behavior as predictors of interpersonal consequences: A meta-analysis.
VIEW 5 EXCERPTS
HIGHLY INFLUENTIAL
Toward an Ecological Theory of Social Perception
VIEW 6 EXCERPTS
HIGHLY INFLUENTIAL
Trust and Credit: The Role of Appearance in Peer-to-peer Lending
VIEW 4 EXCERPTS
HIGHLY INFLUENTIAL