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Conference Calls and Stock Price Volatility in the Post†Reg FD Era

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  • Alberto Dell'Acqua
  • Francesco Perrini
  • Stefano Caselli

Abstract

Past research has documented that the utilisation of conference calls is greater in the high tech sector than in other industries. Do high tech firms benefit from that? This study attempts to answer this question by examining the impact of ‘post†Reg FD’ conference calls on the price volatility of high tech firms listed in the US market. We find evidence that more open conference calls results in lower idiosyncratic volatility.

Suggested Citation

  • Alberto Dell'Acqua & Francesco Perrini & Stefano Caselli, 2010. "Conference Calls and Stock Price Volatility in the Post†Reg FD Era," European Financial Management, European Financial Management Association, vol. 16(2), pages 256-270, March.
    • Handle: RePEc:bla:eufman:v:16:y:2010:i:2:p:256-270
    DOI: 10.1111/j.1468-036X.2008.00444.x
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    References listed on IDEAS

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    Cited by:

    1. Gharbi, Sami & Sahut, Jean-Michel & Teulon, Frédéric, 2014. "R&D investments and high-tech firms' stock return volatility," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 306-312.
    2. Carretta, Alessandro & Farina, Vincenzo & Graziano, Elvira Anna & Reale, Marco, 2011. "Does investor attention influence stock market activity? The case of spin-off deals," MPRA Paper 33545, University Library of Munich, Germany.
    3. María Gutiérrez & Nino Papiashvili & Josep A. Tribó & Antonio B. Vazquez, 2020. "Managerial incentives for attracting attention," European Financial Management, European Financial Management Association, vol. 26(4), pages 896-937, September.

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