Footnote:
Angabe des 2. Gesamttitel laut SSRN-Frontdoor
Description:
Managers conducting earnings conference calls display distinctive styles in their word choice. Some CEOs and CFOs routinely use qualifying words such as "approximately", "probably", and "maybe". They are vague talkers. Straight talkers, by contrast, use such words less frequently. Analysts and the stock market respond more strongly to earnings news conveyed by straight talkers. Past performance does not explain the style of a newly appointed CEO, but when a firm does appoint a more straight-talking CEO, Tobin's Q increases and analyst recommendations become more favorable. Overall, investors and analysts appear to value straight talk