The Effect of Conference Calls on Analyst and Market Underreaction to Earnings Announcements

By Michael D. Kimbrough. 2005

230 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ca88a777367684dc8350a16398a6839431106351

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Citations in the corpus

Accounting Anomalies and Fundamental Analysis: A Review of Recent Research Advances (2010, background): “Perhaps the most interesting paper from the last decade related to drift in the context of robustness is Kothari et al. (2006). As discussed earlier in subsection 4.”
The Association Between Management Earnings Forecast Errors and Accruals (2009, methodology): “…advocates voluntary disclosure as a valuable source of information that helps reduce mispricing of mandated reported accounting information (e.g., Kimbrough 2005; Louis et al. 2008; Drake et al. 2008).20 Given our findings that management forecasts contain an accrual-related bias, it is ex…”
Earnings Conference Call Content and Stock Price: The Case of REITs (2010, unknown): “Kimbrough (2005) finds a reduction in the post-earnings-announcement drift for firms who initiate conference calls and contends that conference calls provide corporate managers with a forum through which they can emphasize”
Post-Earnings-Announcement Drift in Global Markets: Evidence from an Information Shock (2014, unknown): “We follow the procedure outlined in Kimbrough (2005) for our tests in this section.”
Knowledge, Compensation, and Firm Value: An Empirical Analysis of Firm Communication (2014, unknown): “6 A partial list of such studies includes Tasker (1998), Frankel et al. (1999), Bowen et al. (2002), Bushee et al. (2003), Kimbrough (2005), Mayew (2008), Hollander et al. (2010), Hobson et al. (2011), and Mayew and Venkatachalam (2012).”
Investor Trading and the Post Earnings Announcement Drift (2011, unknown): “…(c) an indicator variable that equals 1 if price at the end of the earnings announcement quarter is greater than $10 and 0 otherwise (Bhushan 1994; Kimbrough 2005).25 We test whether small (large) trades during the announcement period attenuate the relation between RW (AF) earnings surprises and…”
Earnings conference calls and stock returns: The incremental informativeness of textual tone (2012, unknown): “Introduction Recent literature argues that earnings conference calls have become an increasingly important medium through which firms convey value relevant information to the market (Frankel et al., 1999; Kimbrough, 2005; Frankel et al., 2010).”
Can Investors Detect Managers' Lack of Spontaneity? Adherence to Predetermined Scripts during Earnings Conference Calls (2016, unknown): “…in analyst forecast accuracy following the call (Bowen et al. 2002), more timely incorporation of earnings news into prices for firms initiating conference calls (Kimbrough 2005), and a reduction in information asymmetry for firms holding regular quarterly calls (Brown, Hillegeist, and Lo 2004).”
The Effect of Managerial "Style" on the Tone of Earnings Conference Calls ∗ (2012, background): “We focus our examination on earnings-announcement related conference calls because of the importance of these calls as a voluntary disclosure mechanism (Frankel et al. 1999; Bowen et al. 2002; Kimbrough 2005).”
Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls (2019, background): “…represent one of the major forms of investor communication that firms use to supplement the information contained in their financial statements and other regulatory filings (Frankel, Johnson, and Skinner 1999; Kimbrough 2005; Frankel, Mayew, and Sun 2010; Matsumoto, Pronk, and Roelofsen 2011).”