Do pennies matter? Investor relations consequences of small negative earnings surprises

By Richard M. Frankel, William J. Mayew, Yan Sun. 2010

119 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ed74331ed157c37cf634e715675218ae1e9ad826

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Weili Ge
2. Mohan Venkatachalam
3. William J. Mayew
4. Dawn A. Matsumoto
5. Angela K. Davis
6. Michael G. Foster
7. Charles H. Lundquist
8. Joshua A. Lee

In Finance

1. Mohan Venkatachalam
2. Weili Ge
3. William J. Mayew
4. Angela K. Davis
5. Dawn A. Matsumoto
6. Michael G. Foster
7. Charles H. Lundquist
8. Joshua A. Lee

In Strategy and Management

1. Weili Ge
2. Dawn A. Matsumoto
3. William J. Mayew
4. Angela K. Davis
5. Mohan Venkatachalam
6. Yuan Zhang
7. Joshua A. Lee
8. Leif Atle Beisland

Citations in the corpus

• The Power of Voice: Managerial Affective States and Future Firm Performance (2012, background): “Recent research explores the implications of differences in the nature of conference calls, in terms of the amount of time allocated by firms for the conference call (Frankel, Mayew and Sun 2009), the linguistic tone (Matsumoto et al., 2007; Frankel et al. 2009), the interactions between the present”
• The effect of earnings surprises on information asymmetry (2009, unknown): “Frankel et al. (2007) do not find evidence suggesting severe economic consequences from missing earnings expectations.”
• 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).”
• Earnings Conference Call Content and Stock Price: The Case of REITs (2010, unknown): “In their investigation of investor relations costs, Frankel et al. (2010) examine the stock market reaction to conference call tone measures as a robustness test.”
• The Effect of Managerial "Style" on the Tone of Earnings Conference Calls ∗ (2012, background): “…performance variables to capture the effects of current performance on managers’ tone: • An indicator variable equal to one if the firm meets or beats the analyst forecast for a given quarter (MBE), which prior studies have suggested can impact the tone of a conference call (Frankel et al. 2009).”