When Firms Talk, Do Investors Listen? The Role of Trust in Stock Market Reactions to Corporate Earnings Announcements

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Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds (2017, unknown): “Pevzner, Xie, and Xin (2015) ﬁnd that residents in societies with higher levels of trustworthiness perceive corporate earnings information as more credible.”
Societal Trust and Management Earnings Forecasts (2020, methodology): “Unlike Pevzner et al. (2015) who investigate how societal trust affects investors’ reactions to earnings news, we focus on analyzing and understanding the impact of societal trust on managers’ decisions to voluntarily issue earnings forecasts, a topic that prior research has not addressed.”
Trust and stock price crash risk: evidence from China (2017, background): “…to explain the sources of crash isk through financial market mechanisms, from the leverage efect 6 ( Black, 1976; Christie, 1982 ) to the volatility feedback effect 7 Pindyck, 1984; French et al., 1987; Campbell and Hentschel, 1992 ) o the stochastic bubbles model 8 ( Blanchard and Watson, 1982 ) .”
The "Cultural Revolution" in Finance (2015, background): “Pevzner, Xie, and Xin (2015) look at the capital market dimension of culture.”