Not just for investors: The role of earnings announcements in guiding job seekers

IF 5.4 1区管理学 Q1 BUSINESS, FINANCE Journal of Accounting & Economics Pub Date : 2023-08-01 DOI:10.1016/j.jacceco.2023.101588

Bong-Geun Choi , Jung Ho Choi , Sara Malik

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引用次数: 5

Abstract

We study the information content of earnings announcements and its relevance for job search using detailed search data from half a million anonymous job seekers. We find evidence consistent with job seekers initiating job-search activity in response to a prospective employer's earnings announcements. Job seekers search more intensely for employers with media coverage and earnings growth, consistent with the attention and information roles of earnings announcements. We find corroborating evidence about the usefulness of earnings announcements' financial information content to job seekers: (1) a survey experiment indicates that job seekers are more willing to apply to firms when provided with evidence of positive performance; (2) job seekers search for financial information during applications and interviews; and (3) financial information is predictive of future job prospects, including job openings and career growth. Overall, our paper suggests that earnings announcements—among other sources—prompt and guide job seekers' search activities.

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不仅仅针对投资者：盈利公告在引导求职者方面的作用

我们使用50万匿名求职者的详细搜索数据，研究了财报的信息内容及其与求职的相关性。我们发现，有证据表明，求职者会根据潜在雇主的收入公告发起求职活动。求职者更热衷于寻找媒体报道和收入增长的雇主，这与收入公告的关注和信息作用一致。我们发现了关于盈利公告财务信息内容对求职者有用性的确凿证据：（1）一项调查实验表明，当有积极表现的证据时，求职者更愿意向公司申请；（2）求职者在申请和面试时搜索财务信息；（3）财务信息可以预测未来的工作前景，包括职位空缺和职业发展。总的来说，我们的论文表明，除其他来源外，收入公告可以促进和引导求职者的求职活动。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Accounting & Economics Multiple-

CiteScore

8.70

自引率

6.80%

发文量

期刊介绍： The Journal of Accounting and Economics encourages the application of economic theory to the explanation of accounting phenomena. It provides a forum for the publication of the highest quality manuscripts which employ economic analyses of accounting problems. A wide range of methodologies and topics are encouraged and covered: * The role of accounting within the firm; * The information content and role of accounting numbers in capital markets; * The role of accounting in financial contracts and in monitoring agency relationships; * The determination of accounting standards; * Government regulation of corporate disclosure and/or the Accounting profession; * The theory of the accounting firm.