Format:
1 Online-Ressource (54 p)
Content:
Using audio recordings, we study uptalk (rising intonation) by executives in earnings calls. Unexpected uptalk by female, but not male, executives predicts lower earnings. Analysts respond to female uptalk with lower recommendations and earnings forecasts, although these do not fully reflect the signal. During the earnings call bid-ask spreads widen when female executives speak and use uptalk. These results are consistent with sociolinguistic studies which find that uptalk is a female-typed characteristic signalling uncertainty. #MeToo did not alter the signaling value of, or market response to, female uptalk, but led to more male uptalk, which elicited a favorable market response
Note:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 3, 2023 erstellt
Language:
English
DOI:
10.2139/ssrn.4501479
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