Analysts’ and Managers’ Use of Humor on Public Earnings Conference Calls

We investigate whether the use of humor during public earnings conference calls influences the content and outcomes of the calls. Earnings releases are key events for corporations and the investors and analysts who follow them. In conjunction with the earnings release, many companies also hold public earnings conference calls, which represent an important opportunity for senior management to discuss their company’s performance and for analysts to ask senior management about past performance and future prospects.

In this setting, we argue that analysts and managers use humor to influence the content and outcomes of the calls. For example, analysts could use … Read more