Earnings conference calls and stock returns: The incremental informativeness of textual tone

By S. Price, James S. Doran, David R. Peterson, Barbara A. Bliss. 2012

548 citations recorded by the source corpus.

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Citations in the corpus

Textual Sentiment in Finance: A Survey of Methods and Models (2014, neutral): “…Tama-Sweet (2011), Demers and Vega (2011), Huang et al. (2011), Loughran and McDonald (2011a, 2011b), Davis et al. (2012), Jegadeesh and Wu (2012), Price et al. (2012), and Rees and Twedt (2012) all contribute to the analysis of announcement effects on asset prices, as they apply the standard…”
The Effect of Managerial "Style" on the Tone of Earnings Conference Calls ∗ (2012, background): “CEOs and CFOs from smaller firms might move to a private firm or to a divisional position in a large firm. a market reaction to the tone in earnings press releases, while Price et al. (2012) find similar evidence for the tone of the Q&A session during conference calls.”
Hear Me Write: Does CEO Narcissism Affect Disclosure? (2019, background): “Likewise, numerous studies have also documented that positive tone of these disclosures significantly increases stock returns in the short term (e.g., Price et al. 2012; Jegadeesh and Wu 2013), but leads to negative stock returns in the longer-term (Huang et al. 2014).”
Can Investors Detect Managers' Lack of Spontaneity? Adherence to Predetermined Scripts during Earnings Conference Calls (2016, unknown): “I expect a positive association between tone and the market reaction to the call if net optimistic language indicates positive information about future performance (Davis et al. 2012; Price et al. 2012).”
A Semiparametric Gaussian Copula Regression Model for Predicting Financial Risks from Earnings Calls (2014, background): “Today, even though earnings calls transcripts are abundantly available, their distinctive communicative practices (Camiciottoli, 2010), and correlations with the ﬁnancial risks, in particular, future stock performances (Price et al., 2012), are not well studied in the past.”
Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls (2019, background): “…number of papers examine linguistic attributes other than tone, such as readability and complexity (Li 2008; You and Zhang 2009; Miller 2010; Rennekamp 2012; Bonsall and Miller 2017; Chychyla, Leone, and Minutti-Meza 2019); content and similarity (Hanley and Hoberg 2010; Hoberg and…”