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  • 2016
  • Working Paper

Managers' Cultural Background and Disclosure Attributes

By: Francois Brochet, Gregory S. Miller, Patricia Naranjo and Gwen Yu
We examine how a manager’s ethnic cultural background affects managers’ communication with investors. Using a sample of earnings conference calls transcripts with 26,430 executives from 42 countries, we find that managers from ethnic groups that have a more... View Details
Keywords: Disclosure Tone; Individualism; Conference Calls; Ethnic Group; Management Style; Communication Intention and Meaning; Ethnicity; Corporate Disclosure; Financial Reporting
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  • Article

Creating Firm Disclosures

By: Amir Amel-Zadeh, Alexandra Scherf and Eugene F. Soltes
Managers expend significant time and effort preparing disclosures about firm performance and strategy. Although prior literature has explored how variation in the style and presentation of disclosures impacts investors' perceptions of firms, little is known about how... View Details
Keywords: Disclosure; Earnings Conference Call; Field Study; MD＆A; Textual Analysis; Corporate Disclosure
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  • 08 Nov 2016
  • Working Paper Summaries

Managers' Cultural Background and Disclosure Attributes

Keywords: by Francois Brochet, Gregory S. Miller, Patricia Naranjo, and Gwen Yu
  • 02 May 2008
  • What Do You Think?

What is the Future of State Capitalism?

Summing Up In state capitalism, is the operative word "capitalism"? State capitalism is neither to be applauded nor feared, judging from the tone of responses to this month's column. That is, "as long as the key decisions... View Details
Keywords: by Jim Heskett
  • 25 Oct 2016
  • First Look

October 25, 2016

https://www.hbs.edu/faculty/Pages/item.aspx?num=51775 Managers' Cultural Background and Disclosure Attributes By: Brochet, Francois, Gregory S. Miller, Patricia Naranjo, and Gwen Yu Abstract—We examine how a manager’s ethnic cultural... View Details
Keywords: Sean Silverthorne
  • Web

Students on the Job Market - Doctoral

Experiment There are concerns that managers repurchase shares myopically to benefit themselves at the costs of shareholders and society. Due to these concerns, the SEC adopted its 2023 Share Repurchase Disclosure Modernization Rules (the... View Details
  • 11 Apr 2012
  • Research & Ideas

The High Risks of Short-Term Management

calls, an important venue for publicly listed companies to communicate with investors. Prior research has largely focused on quantitative disclosures within conference calls (namely, earnings guidance), while other papers have analyzed... View Details
Keywords: by Sean Silverthorne; Financial Services
  • 01 Aug 2016
  • Research & Ideas

Retail Execs Underplay Current Performance to Investors--but Why?

determine whether firms followed what they call the “timely disclosure hypothesis,” the idea that managers accurately release their private post-quarter information at announcement time. What they found instead was that managers were... View Details
Keywords: by Dina Gerdeman; Financial Services
  • 02 Dec 2013
  • Research & Ideas

Companies Choreograph Earnings Calls to Hide Bad News

Cohen and his coauthors identified the name of the firm and call participants, in addition to matching analysts with the recommendations they gave before the call. Finally, they coded the entire text of each question and answer, classifying the length and View Details
Keywords: by Julia Hanna; Financial Services
  • 01 Dec 2002
  • News

Bad Times for Business

create value for shareholders and society alike. That worked in many cases. But some executives who were loaded up with stock options succumbed to the temptation to “game” a financial-markets inefficiency, inefficiencies caused by inadequate View Details
Keywords: Garry Emmons
  • 20 Jan 2003
  • Research & Ideas

Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School

stock options succumbed to the temptation to "game" a financial-markets inefficiency, inefficiencies caused by inadequate disclosure rules. Those executives essentially misled investors, falsified information, and pretended to... View Details
Keywords: by Garry Emmons
  • 01 Jun 2009
  • News

Too Big To Fail

and policymakers to deregulate the marketplace, says Moss. Although a deregulatory agenda was embraced by congressional Democrats and Republicans alike, President Reagan set the philosophical tone in his 1981 inaugural address when he... View Details
Keywords: Roger Thompson; federal bailouts; Credit Intermediation and Related Activities; Finance
  • 22 Jun 2009
  • Research & Ideas

“Too Big To Fail”: Reining In Large Financial Firms

philosophical tone in his 1981 inaugural address when he famously observed: "Government is not the solution to our problem; government is the problem." Thereafter, regulatory minimalism and a "market knows best" mindset took hold in... View Details
Keywords: by Roger Thompson; Banking; Financial Services
  • 21 Apr 2009
  • First Look

First Look: April 21, 2009

reduced the costs of tenure insecurity. Download the paper: http://www.hbs.edu/research/pdf/09-023.pdf Responding to Public and Private Politics: Corporate Disclosure of Climate Change Strategies (revised) Authors:Erin M. Reid and Michael... View Details
Keywords: Martha Lagace