Language and Management Forecasts around the World
Research output: Conference Papers › RGC 33 - Other conference paper
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
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| Publication status | Presented - 30 Oct 2020 |
Seminar
| Title | Invited academic seminar |
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| Location | The Chinese University of Hong Kong, Shenzhen |
| Place | China |
| City | Shenzhen |
| Period | 30 October 2019 |
Link(s)
| Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(1eba7d63-0114-4c76-8e8c-bc404931fcfc).html |
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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.
Bibliographic Note
Information for this record is supplemented by the author(s) concerned.
Citation Format(s)
Language and Management Forecasts around the World. / Guan, Yuyan; WANG, Zheng; Wong, Franco et al.
2020. Invited academic seminar, Shenzhen, China.
2020. Invited academic seminar, Shenzhen, China.
Research output: Conference Papers › RGC 33 - Other conference paper
