Orders Backlog in Earnings Conference Calls

被引：2
|
作者：
Feldman, Ronen [1 ]
Govindaraj, Suresh [2 ]
Livnat, Joshua [3 ,4 ]
Suslava, Kate [5 ]
机构：
[1] Hebrew Univ Jerusalem, Hebrew Univ Business Sch, Dept Data Sci, Jerusalem, Israel
[2] Rutgers State Univ, Rutgers Business Sch, Dept Accounting & Informat Syst, Newark, NJ USA
[3] NYU, Stern Sch Business, Dept Accounting, New York, NY USA
[4] PGIM Quantitat Solut LLC, Newark, NJ USA
[5] Bucknell Univ, Freeman Coll Management Accounting & Financial Ma, Lewisburg, PA USA
来源：
JOURNAL OF FINANCIAL REPORTING | 2022年 / 7卷 / 02期
关键词：
order backlog; conference calls; qualitative disclosures; stock returns; INFORMATION-CONTENT; ANNOUNCEMENT DRIFT; PERFORMANCE; STATEMENTS;
D O I：
10.2308/JFR-2019-0007
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Focusing on quarterly earnings conference call transcripts, we provide evidence that order backlog discussions are positively priced by investors. Pricing appears to be efficient whether these discussions are accompanied by quantitative support or are solely qualitative. We find these disclosures to have stronger pricing effects for growth firms and firms with weaker information environments. Our study contributes to the body of order backlog research by incorporating more timely disclosures as well as by incorporating qualitative disclosures.
引用
收藏
页码：83 / 104
页数：22
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