少数民族分析师参与公共收益电话会议

IF 4.9 2区 管理学 Q1 BUSINESS, FINANCE Journal of Accounting Research Pub Date : 2023-08-08 DOI:10.1111/1475-679X.12504
RACHEL W. FLAM, JEREMIAH GREEN, JOSHUA A. LEE, NATHAN Y. SHARP
{"title":"少数民族分析师参与公共收益电话会议","authors":"RACHEL W. FLAM,&nbsp;JEREMIAH GREEN,&nbsp;JOSHUA A. LEE,&nbsp;NATHAN Y. SHARP","doi":"10.1111/1475-679X.12504","DOIUrl":null,"url":null,"abstract":"<p>We investigate ethnic minority and nonminority sell-side analysts’ participation in public earnings conference calls. We find that minority analysts are underrepresented in conference call Q&amp;A sessions, and minority analysts who do participate on the calls experience lower levels of prioritization than do nonminority analysts. Minority analysts’ lower participation rates are partially but not fully mediated by characteristics such as experience, work environment, and stock rating favorability. Additionally, firm and conference call fixed effects mediate approximately half the magnitude of lower minority participation rates. Extroverted minority analysts participate at higher rates, but the negative association between minority status and conference call participation is exacerbated when calls are more time constrained, when executive teams are less diverse, and when analysts are from less prestigious brokerage houses. Overall, we document the underrepresentation of minority analysts on earnings conference calls and provide evidence suggesting both analysts’ and managers’ choices influence minority analysts’ participation rates.</p>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"61 5","pages":"1591-1631"},"PeriodicalIF":4.9000,"publicationDate":"2023-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.12504","citationCount":"1","resultStr":"{\"title\":\"Ethnic Minority Analysts’ Participation in Public Earnings Conference Calls\",\"authors\":\"RACHEL W. FLAM,&nbsp;JEREMIAH GREEN,&nbsp;JOSHUA A. LEE,&nbsp;NATHAN Y. SHARP\",\"doi\":\"10.1111/1475-679X.12504\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>We investigate ethnic minority and nonminority sell-side analysts’ participation in public earnings conference calls. We find that minority analysts are underrepresented in conference call Q&amp;A sessions, and minority analysts who do participate on the calls experience lower levels of prioritization than do nonminority analysts. Minority analysts’ lower participation rates are partially but not fully mediated by characteristics such as experience, work environment, and stock rating favorability. Additionally, firm and conference call fixed effects mediate approximately half the magnitude of lower minority participation rates. Extroverted minority analysts participate at higher rates, but the negative association between minority status and conference call participation is exacerbated when calls are more time constrained, when executive teams are less diverse, and when analysts are from less prestigious brokerage houses. Overall, we document the underrepresentation of minority analysts on earnings conference calls and provide evidence suggesting both analysts’ and managers’ choices influence minority analysts’ participation rates.</p>\",\"PeriodicalId\":48414,\"journal\":{\"name\":\"Journal of Accounting Research\",\"volume\":\"61 5\",\"pages\":\"1591-1631\"},\"PeriodicalIF\":4.9000,\"publicationDate\":\"2023-08-08\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-679X.12504\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Accounting Research\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/1475-679X.12504\",\"RegionNum\":2,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Accounting Research","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1475-679X.12504","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 1

摘要

我们调查了少数族裔和非少数族裔卖方分析师在公开收益电话会议中的参与情况。我们发现,少数族裔分析师在电话会议问答环节中的代表性不足,而参与电话会议的少数族裔分析师的优先级水平低于非少数族裔分析师。少数族裔分析师较低的参与率部分但不完全受经验、工作环境和股票评级好感度等特征的影响。此外,公司和电话会议固定效应对少数族裔参与率下降的影响约为一半。外向的少数族裔分析师参与电话会议的比例更高,但当电话会议的时间限制更大、高管团队的多样性较低、分析师来自声望较低的经纪公司时,少数族裔地位与电话会议参与之间的负相关关系就会加剧。总体而言,我们记录了少数族裔分析师在财报电话会议上的代表性不足,并提供证据表明分析师和经理的选择都会影响少数族裔分析师的参与率。这篇文章受版权保护。版权所有
本文章由计算机程序翻译,如有差异,请以英文原文为准。

摘要图片

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
Ethnic Minority Analysts’ Participation in Public Earnings Conference Calls

We investigate ethnic minority and nonminority sell-side analysts’ participation in public earnings conference calls. We find that minority analysts are underrepresented in conference call Q&A sessions, and minority analysts who do participate on the calls experience lower levels of prioritization than do nonminority analysts. Minority analysts’ lower participation rates are partially but not fully mediated by characteristics such as experience, work environment, and stock rating favorability. Additionally, firm and conference call fixed effects mediate approximately half the magnitude of lower minority participation rates. Extroverted minority analysts participate at higher rates, but the negative association between minority status and conference call participation is exacerbated when calls are more time constrained, when executive teams are less diverse, and when analysts are from less prestigious brokerage houses. Overall, we document the underrepresentation of minority analysts on earnings conference calls and provide evidence suggesting both analysts’ and managers’ choices influence minority analysts’ participation rates.

求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
Journal of Accounting Research
Journal of Accounting Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
6.80%
发文量
53
期刊介绍: The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting and related fields that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. This research typically uses analytical, empirical archival, experimental, and field study methods and addresses economic questions, external and internal, in accounting, auditing, disclosure, financial reporting, taxation, and information as well as related fields such as corporate finance, investments, capital markets, law, contracting, and information economics.
期刊最新文献
Issue Information - TOC Issue Information - Standing Call for Proposals for Issue Information - Request for Papers Financial Reporting Around Private Firms' Securities Offerings Redaction as Cross-Regulatory Disclosure Avoidance
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1