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

15 Pages Posted: 1 Mar 2010

See all articles by Alberto Dell'Acqua

Alberto Dell'Acqua

SDA Bocconi

Francesco Perrini

Bocconi University - Department of Management and Technology

Stefano Caselli

Bocconi University - Department of Finance

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

Dell'Acqua, Alberto and Perrini, Francesco and Caselli, Stefano, Conference Calls and Stock Price Volatility in the Post-Reg FD Era. European Financial Management, Vol. 16, Issue 2, pp. 256-270, March 2010. Available at SSRN: https://ssrn.com/abstract=1560161 or http://dx.doi.org/10.1111/j.1468-036X.2008.00444.x

Alberto Dell'Acqua (Contact Author)

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Francesco Perrini

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Stefano Caselli

Bocconi University - Department of Finance ( email )

Via Roentgen 1
Milano, MI 20136
Italy

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
2
Abstract Views
472
PlumX Metrics