Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News

This article analyzes whether the type of news and the earnings persistence influence the amount of in formation that is voluntarily disclosed by the companies. As a proxy for voluntary disclosure we use the information content of the conference calls of the companies li...

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Autores principales:	Nadia Cardoso Moreira, Felipe Ramos, Juliana Kozak-Rogo, Rafael Rogo
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2016
Materias:	information content voluntary disclosure conference calls good and bad news prsistence Business HF5001-6182
Acceso en línea:	https://doaj.org/article/f4ca1575b72741d7a248463690ffc141
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spelling	oai:doaj.org-article:f4ca1575b72741d7a248463690ffc1412021-11-11T15:48:06ZConference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News1807-734Xhttps://doaj.org/article/f4ca1575b72741d7a248463690ffc1412016-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123048011006https://doaj.org/toc/1807-734XThis article analyzes whether the type of news and the earnings persistence influence the amount of in formation that is voluntarily disclosed by the companies. As a proxy for voluntary disclosure we use the information content of the conference calls of the companies listed on the BM&F Bovespa from 2008 to 2015. The results indicate that the companies with bad news provide more information during the conference call (presentation section and questions & answers section) than the companies with good news. Moreover, were found evidence that the companies with less persistent positive earnings provide a larger amount of information than the companies with more persistent positive earnings. Regarding companies with negative earnings we did not find any relation between persistence and the informational content.Nadia Cardoso MoreiraFelipe RamosJuliana Kozak-RogoRafael RogoFUCAPE Business Schoolarticleinformation contentvoluntary disclosureconference callsgood and bad newsprsistenceBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 13, Iss 6, Pp 291-315 (2016)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	information content voluntary disclosure conference calls good and bad news prsistence Business HF5001-6182
spellingShingle	information content voluntary disclosure conference calls good and bad news prsistence Business HF5001-6182 Nadia Cardoso Moreira Felipe Ramos Juliana Kozak-Rogo Rafael Rogo Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
description	This article analyzes whether the type of news and the earnings persistence influence the amount of in formation that is voluntarily disclosed by the companies. As a proxy for voluntary disclosure we use the information content of the conference calls of the companies listed on the BM&F Bovespa from 2008 to 2015. The results indicate that the companies with bad news provide more information during the conference call (presentation section and questions & answers section) than the companies with good news. Moreover, were found evidence that the companies with less persistent positive earnings provide a larger amount of information than the companies with more persistent positive earnings. Regarding companies with negative earnings we did not find any relation between persistence and the informational content.
format	article
author	Nadia Cardoso Moreira Felipe Ramos Juliana Kozak-Rogo Rafael Rogo
author_facet	Nadia Cardoso Moreira Felipe Ramos Juliana Kozak-Rogo Rafael Rogo
author_sort	Nadia Cardoso Moreira
title	Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
title_short	Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
title_full	Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
title_fullStr	Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
title_full_unstemmed	Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News
title_sort	conference calls: an empirical analysis of information content and the type of disclosed news
publisher	FUCAPE Business School
publishDate	2016
url	https://doaj.org/article/f4ca1575b72741d7a248463690ffc141
work_keys_str_mv	AT nadiacardosomoreira conferencecallsanempiricalanalysisofinformationcontentandthetypeofdisclosednews AT feliperamos conferencecallsanempiricalanalysisofinformationcontentandthetypeofdisclosednews AT julianakozakrogo conferencecallsanempiricalanalysisofinformationcontentandthetypeofdisclosednews AT rafaelrogo conferencecallsanempiricalanalysisofinformationcontentandthetypeofdisclosednews
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Conference Calls: an Empirical Analysis of Information Content and the Type of Disclosed News

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