Disclosure of management guidance in conference calls: Materiality, determinants and consequences

• Main Authors: LANSFORD, Benjamin, LEE, Jimmy Kiat Bee, TUCKER, Jennifer W.
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2009
• 主題: conference calls; management guidance; disclosure venue; trading volume; analyst forecast revision.; Accounting; Corporate Finance; Human Resources Management
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/797; https://ink.library.smu.edu.sg/context/soa_research/article/1796/viewcontent/Disclosure_Paper_Jimmy_Lee_2009.pdf
• 機構: Singapore Management University

The SEC advises firms to release all material information in their earnings announcement press release before their corresponding conference call. Until May 2009, the NYSE went further by explicitly prohibiting the disclosure of new material information in a conference call. However, we document tha...