Managers conducting earnings conference calls display distinctive styles in their word choice. Some CEOs and CFOs routinely use qualifying words such as "approximately", "probably", and "maybe". They are vague talkers. Straight talkers, by contrast, use such words less frequently. Analysts and...

This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to...

Im Hinblick auf die Verabschiedung des Digital Services Act im Jahr 2022, der einen neuen horizontalen Rechtsrahmen für die Regulierung digitaler Dienste vorsieht, analysiert dieses Diskussionspapier die Moderation von Inhalten auf Online-Plattformen. Die Moderation von Inhalten ist eine sehr...

The purpose of this article is to explore the market reactions and determinants to 180 investor presentations by the German DAX 30 companies illustrating half-year and year-end results from 2010 to 2012. Therefore, an event study is conducted. In line with previous studies, the article finds...