Language and Management Forecasts around the World

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)33_Other conference paper

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Detail(s)

Original languageEnglish
Publication statusPresented - 30 Oct 2020

Seminar

TitleInvited academic seminar
LocationThe Chinese University of Hong Kong, Shenzhen
PlaceChina
CityShenzhen
Period30 October 2019

Abstract

We predict that investors who speak weak future-time reference (FTR) languages are more concerned about the future prospects of the companies they invest in and, hence, demand more forward-looking information from these companies. We find that firms in weak-FTR language countries exhibit a greater propensity and frequency of issuing management forecasts. Within the same countries, firms with more foreign institutional ownership from weak-FTR countries issue more management forecasts than their counterparts. After having their shares traded in the stock market of a weak-FTR country, foreign firms from strong-FTR countries significantly increase their management forecast propensity and frequency.

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Citation Format(s)

Language and Management Forecasts around the World. / Guan, Yuyan; WANG, Zheng; Wong, Franco; XIN, Xiangang.

2020. Invited academic seminar, Shenzhen, China.

Research output: Conference Papers (RGC: 31A, 31B, 32, 33)33_Other conference paper