Non-Earnings Conference Calls: Content, Determinants, and Consequences

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dc.contributor.advisorMuslu, Volkan
dc.contributor.committeeMemberSun, Amy
dc.contributor.committeeMemberCrawford, Steven S.
dc.contributor.committeeMemberYerramilli, Vijay
dc.creatorWang, Lin
dc.date.accessioned2018-11-30T16:23:22Z
dc.date.available2018-11-30T16:23:22Z
dc.date.createdMay 2018
dc.date.issued2018-05
dc.date.submittedMay 2018
dc.date.updated2018-11-30T16:23:22Z
dc.description.abstractI use computational linguistic techniques to study the content, determinants, and stock market consequences of conference calls that are not held in conjunction with quarterly earnings releases (hereafter, non-earnings conference calls). I find that loss firms, growth firms, and firms with complex operations and a greater number of analysts following hold more both non-earnings and earnings conference calls. However, large firms and firms with more volatile earnings hold relatively more non-earnings conference calls than earnings conference calls. Firms with volatile earnings and greater operational complexity discuss more about earnings and investment-related topics in non-earnings conference calls. These results are consistent with the notion that firms facing greater informational problems hold more non-earnings conference calls. I also find that, controlling for other disclosure types, non-earnings conference calls incrementally explain quarterly abnormal stock returns, suggesting that they indeed help improve firms’ information environment.
dc.description.departmentAccountancy and Taxation, Department of
dc.format.digitalOriginborn digital
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10657/3458
dc.language.isoeng
dc.rightsThe author of this work is the copyright owner. UH Libraries and the Texas Digital Library have their permission to store and provide access to this work. Further transmission, reproduction, or presentation of this work is prohibited except with permission of the author(s).
dc.subjectNon-earnings conference call
dc.subjectTextual analysis
dc.subjectVoluntary disclosures
dc.subjectInformation environment
dc.titleNon-Earnings Conference Calls: Content, Determinants, and Consequences
dc.type.dcmiText
dc.type.genreThesis
local.embargo.lift2020-05-01
local.embargo.terms2020-05-01
thesis.degree.collegeC. T. Bauer College of Business
thesis.degree.departmentAccountancy and Taxation, Department of
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorUniversity of Houston
thesis.degree.levelDoctoral
thesis.degree.nameDoctor of Philosophy

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