Private Interaction Between Firm Management and Sell‐Side Analysts

By Eugene F. Soltes. 2013

323 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ad5004c0f66742e9bf3ca2ca5a39e53e8343f88f

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Citations in the corpus

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, unknown): “…leak good news ahead of public disclosures.40 In response, firms 40 But there is also evidence that, even after Reg FD, some investors continue to have private access to management, for example, via invite-only conferences or one-on-one meetings (e.g., Bushee et al., 2011; Soltes, 2014).”
Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows (2017, background): “Empirical studies confirm the value of such meetings for analysts and investors (Bushee, Jung, and Miller, 2016; Green, et al., 2014; Soltes, 2014).”
Seeing is believing: analysts’ corporate site visits (2016, unknown): “Indeed, based on the data of 75 private interactions between analysts and top executives of one large U.S. firm, Soltes (2014) finds no evidence that analysts’ forecast accuracy improves after these 1 According to the corporate site visit policies disclosed by listed firms, IR managers, including…”
Corporate Jets and Private Meetings with Investors (2018, unknown): “Using another individual firm, Soltes (2014) examines all private interactions between management and sell-side analysts.”
Inside the “black box” of private in-house meetings (2018, unknown): “Although recent studies by Bushee et al. (2016), Soltes (2014), and Solomon and Soltes (2015) have attempted to penetrate the black box of private meetings, these studies are limited due to the lack of large-sample crosssectional data on actual private meetings.”
Access to Management and the Informativeness of Analyst Research (2014, unknown): “In particular, hosts’ informational advantage could arise from combining public information with nonmaterial nonpublic information, and this mosaic theory of information gathering is specifically sanctioned by Regulation FD. Electronic copy available at: https://ssrn.com/abstract=2144543 30 Appen”
Do Corporate Site Visits Impact Stock Prices? (2018, unknown): “Soltes (2014) examines 75 cases of analysts’ private interactions with management for one large NYSE-listed firm, but only 15 percent of these interactions occur at office meetings and can be considered as site visits.”
Causal Inference in Accounting Research (2016, unknown): “For example, Soltes (2014) uses data collected from one firm to describe analysts’ private interactions with management.”
What Are We Meeting For? The Consequences of Private Meetings with Investors (2015, background): “To the extent that hedge funds interact with these banking analysts, investors may be gaining information from management in conjunction with sell-side analysts in attendance (see Soltes 2014; Green et al. 2013).”
Investor Relations and Information Assimilation (2018, unknown): “In the first setting, we examine earnings announcements because these are highly salient information events, where analysts have a particularly strong interest in talking with management in an attempt to get clarification regarding earnings news (Soltes 2014).”
Analyst Information Discovery and Interpretation Roles: A Topic Modeling Approach (2018, unknown): “…customers;2 they have private interactions with not only CEOs and CFOs, but also division-level managers from operating regions and product lines (Soltes 2014); they package information collected from multiples sources, such as other information intermediaries, peer firms in the industry,…”