The Price of Silence: When No One Asks Questions During Conference Calls
Speaker

Stephan Hollander
Tilburg School of Economics and Management,
Tilburg University
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Abstract
We document economically significant indirect costs of providing conference calls—increase in information asymmetry and more negative immediate market reaction—when managers fail to elicit questions during the calls’ question-and-answer (Q&A) session. We establish this result by focusing on earnings calls where managers fetch either zero questions or “too few” questions when they open the floor for questions. We extend the literature on conference calls as an important communication medium by examining a hereto unexamined cost, and propose remedies for firms to avoid such indirect costs of corporate communication.
This seminar is organised by the Erasmus Accounting Research Group.
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Information
- Type
- Research Seminar
- Programme
- Finance & Accounting
- Date
- Thu. 8 May. 2014
- Time
- 14:15 - 15:45
- Location
- Mandeville Building T03-42
Coordinators

Rotterdam School of Management (RSM),
Erasmus University Rotterdam

Erasmus School of Economics (ESE),
Erasmus University Rotterdam
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(University of Illinois at Urbana-Champaign)
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Tharindra Ranasinghe
(American University)