Cover Image

Muddy the Waters to Conceal Information? Evidence from Textual Analysis of Firms' Differential Responses to Institutional and Retail Investors

This paper investigates the differential responses by managers to institutional investors during site visits and to retail investors during online Q&As. We find that the gap in firms' responses to different types of investors increases the potential for comment letters to be sent to firms and leads to higher information asymmetry, consistent with the notion that this gap implies a lower quality of information disclosure. Additional tests show that managers are more likely to post differential responses when investors' questions have a more negative orientation
Year of publication:
[2022]
Authors: Duan, Lini ; Li, Lingyi ; Park, Kyung-Hye ; Wu, Di
Publisher: [S.l.] : SSRN
freely available
Full text |
Check Google Scholar
In German libraries (KVK)
I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10013403776
Similar items by person