We leverages computational linguistics to determine how the narrative content of earnings conference calls influences … investors' uncertainty about a firm's future valuation. By applying statistical topic modeling to a corpus of 18,254 conference … calls, we extract topics and tones from both analyst questions and executive responses. Our findings show that incorporating …

We leverages computational linguistics to determine how the narrative content of earnings conference calls influences … investors' uncertainty about a firm's future valuation. By applying statistical topic modeling to a corpus of 18,254 conference … calls, we extract topics and tones from both analyst questions and executive responses. Our findings show that incorporating …

firms' quarterly earnings conference calls, we show that firms whose management fail to satisfy the demand for information …

firms' quarterly earnings conference calls, we show that firms whose management fail to satisfy the demand for information …