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Temporal Focus and Analyst Scrutiny: Evidence from Earnings Conference Calls

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dc.contributor.authorZhou, Mien
dc.contributor.committeechairFan, Weiguo Patricken
dc.contributor.committeememberHansen, Thomas Boween
dc.contributor.committeememberHuang, Jingjingen
dc.contributor.committeememberBarkhi, Rezaen
dc.contributor.committeememberChen, Fengen
dc.contributor.committeememberStein, Sarah E.en
dc.contributor.departmentAccounting and Information Systemsen
dc.date.accessioned2018-09-09T06:00:14Zen
dc.date.available2018-09-09T06:00:14Zen
dc.date.issued2017-03-17en
dc.description.abstractUsing the setting of earnings conference calls, this paper investigates the temporal focus of management presentation during those calls, i.e., the extent to which managers allocate their discussions to future firm prospects relative to past firm performance. I find a negative association between firms' past performance and the future focus of management presentation. Moreover, the association is less negative for firms with more long-term investors and is more negative for firms with high litigation risk. Additionally, I find that the temporal focus of management presentation is positively associated with that of analyst questions. I also find that managers' future focus is positively associated with the number of analysts following the firm but negatively associated with forecast quality of analyst reports (lower accuracy and higher dispersion). Finally, I find the future discussions in management presentation is positively associated with the time that analysts took to release the next quarter's forecasts.en
dc.description.degreePh. D.en
dc.format.mediumETDen
dc.identifier.othervt_gsexam:10215en
dc.identifier.urihttp://hdl.handle.net/10919/84982en
dc.publisherVirginia Techen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjecttemporal focusen
dc.subjectanalyst scrutinyen
dc.subjectconference callsen
dc.subjectinvestment horizonen
dc.subjectlitigation risken
dc.titleTemporal Focus and Analyst Scrutiny: Evidence from Earnings Conference Callsen
dc.typeDissertationen
thesis.degree.disciplineAccounting and Information Systemsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePh. D.en

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