«Internal and External Attributions by Managers in Earnings Conference Calls by Zhenhua Chen Business Administration Duke University Date:_ Approved: ...»
Bernard, V. L., and J. K. Thomas. 1989. Post-earnings-announcement drift:
delayed price response or risk premium? Journal of Accounting Research 27:1-36.
Bloomfield, R. 2008. Discussion of "annual report readability, current earnings, and earnings persistence". Journal of Accounting and Economics 45:248-252.
Bowen, R. M., A. K. Davis, and D. A. Matsumoto. 2002. Do conference calls affect analysts' forecasts. The Accounting Review 77 (2):285-316.
Chan, L. K. C., N. Jegadeesh, and J. Lakonishok. 1996. Momentum Strategies. The Journal of Finance 51 (5):1681-1713.
Chatterjee, A., and D. C. Hambrick. 2007. It's all about me: Narcissistic chief executive officers and their effects on company strategy and performance. Administrative Science Quarterly 52:351-386.
Choudhary, P., J. D. Schloetzer, and J. Sturgess. 2012. Do corporate attorneys influence financial disclosure? Working Paper, Georgetown University.
Collins, J. 2001. Good to great: Why some companies make the leap and others don't.
New York: Harper Business.
Davis, A. K., J. M. Piger, and L. M. Sedor. 2008. Beyond the numbers: Managers’ sse of optimistic and pessimistic tone in earnings press releases. Working paper, University of Oregon.
Davis, A. K., and I. Tama-Sweet. 2012. Managers’ Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases versus MD&A*. Contemporary Accounting Research:no-no.
Davis, D., and T. C. Brock. 1975. Use of first person pronouns as a function of increased objective self-awareness and performance feedback. Journal of Experimental Social Psychology 11:381-388.
Demers, E., and C. Vega. 2008. Soft information in earnings announcements:
news or noise? Working paper, INSEAD.
Doyle, J. T., R. J. Lundholm, and M. T. Soliman. 2006. The extreme future stock returns following I/B/E/S earnings surprises. Journal of Accounting Research 44 (5):849-887.
Dye, R. A. 2001. An evaluation of "essays on disclosure" and the disclosure literature in accounting. Journal of Accounting and Economics 32 (1-3):181-235.
Engelberg, J. 2008. Costly information processing: Evidence from earnings announcements. Working Paper, University of North Carolina at Chapel Hill.
Exline, J. J., and A. L. Geyer. 2004. Perceptions of Humility: A Preliminary Study.
Self & Identity 3 (2):95-114.
Försterling, F. 2001. Attribution: An introduction to theories, research and applications.
Philadelphia, PA: Taylor & Francis Group.
Francis, J., K. Schipper, and L. Vincent. 2002. Expanded disclosures and the increased usefulness of earnings announcements. The Accounting Review 77 (3):515-546.
Frankel, R., M. Johnson, and D. J. Skinner. 1999. An empirical examination of earnings conference calls as a voluntary disclosure medium. Journal of Accounting Research 37 (1):133-150.
Frankel, R., W. J. Mayew, and Y. Sun. 2010. Do pennies matter? Investor relations consequences of small negative earnings surprises. Review of Accounting Studies 15 (1):220-242.
Glader, P. 2009. Immelt offers mea culpa: GE chief seeks to persuade investors he's ready to tackle new era. Wall Street Journal, December 19.
Greenleaf, R. K. 1977. Servant leadership : a journey into the nature of legitimate power and greatness. New York: Paulist Press.
Greenleaf, R. K., and L. C. Spears. 1998. The power of servant-leadership : essays. San Francisco, Calif.: Berrett-Koehler Publishers.
Gunsch, M. A., S. Brownlow, S. E. Haynes, and Z. Mabe. 2000. Differential linguistic content of various forms of political advertising. Journal of Broadcasting & Electronic Media 44 (1):27-42.
Hales, J., X. J. Kuang, and S. Venkataraman. 2011. Who Believes the Hype? An Experimental Examination of How Language Affects Investor Judgments. Journal of Accounting Research 49 (1):223-255.
Halverson, S. K., S. E. Murphy, and R. E. Riggio. 2004. Charismatic Leadership in Crisis Situations A Laboratory Investigation of Stress and Crisis. Small Group Research 35 (5):495-514.
Hopkins, J., E. Maydew, and M. Venkatachalam. 2012. Corporate general counsel and financial reporting quality. Darden Business School Working Paper No. 2060437.
Hosmer, D. W., and S. Lemeshow. 2000. Applied logistic regression. 2nd ed. New York: Wiley.
Ittner, C. D., and D. F. Larcker. 2003. Coming up short on nonfinancial performance measurement. Havard Business Review (November):88-95.
Johnson, T. J., R. Feigenbaum, and M. Weiby. 1964. Some determinants and consequences of the teacher's perception of causation. Journal of Educational Psychology 55 (5):237-246.
Kelley, H. H. 1967. Attribution theory in social psychology. D. Levine ed. Vol. 15.
Lincoln, NE: University of Nebraska Press.
———. 1992. Common sense psychology and scientific psychology. Annual Review of Psychology 43 (1-23).
Keusch, T., L. H. H. Bollen, and H. F. D. Hassink. 2012. Self-serving Bias in Annual Report Narratives: An Empirical Analysis of the Impact of Economic Crises.
European Accounting Review 21 (3):623-648.
Kim, Y. H. 2011. Self-Serving Attribution Bias and CEO Turnover: Evidence from CEO Interviews on CNBC. Working paper.
Koonce, L., N. Seybert, and J. Smith. 2011. Causal reasoning in financial reporting and voluntary disclosure. Accounting, Organizations and Society Forthcoming.
Lang, M. H., and R. J. Lundholm. 1996. Corporate disclosure policy and analyst behavior. The Accounting Review 71 (4):467-492.
Larcker, D. F., and A. A. Zakolyukina. 2011. Detecting deceptive discussions in conference calls. Journal of Accounting Research 50.
Lee, F., C. Peterson, and L. Z. Tiedens. 2004. Mea culpa: Predicting stock prices from organizational attributions. Personality and Social Psychology Bulletin 30 (12):1636Lee, F., and L. Z. Tiedens. 2001. Who's being served? "Self-Serving" attributions in social hierarchies. Organizational Behavior and Human Decision Processes 84 (2):254-287.
Lev, B. 1989. On the usefulness of earnings and earnings research: Lessons and directions from two decades of empirical research. Journal of Accounting Research 27:153Li, F. 2008. Annual report readability, current earnings, and earnings persistence.
Journal of Accounting and Economics 45 (2-3):221-247.
———. 2010. Managers' self-serving attribution bias and corporate financial policies. Working paper, University of Michigan.
Li, F., M. Minnis, V. Nagar, and M. V. Rajan. 2009. Formal and real authority in organizations: an empirical assessment. Working paper, University of Michigan.
Libby, R., and K. Rennekamp. 2010. Self‐Serving Attribution Bias, Overconfidence, and the Issuance of Management Forecasts. Journal of Accounting Research.
Loughran, T., and B. McDonald. 2011. When is a liability not a liability? Textual analysis, dictionaries, and 10-Ks. Journal of Finance 66 (1):35-65.
Malmendier, U., and G. Tate. 2005. CEO overconfidence and corporate investment. The Journal of Finance 60 (6):2661-2700.
———. 2008. Who makes acquisitions? CEO overconfidence and the market's reaction. Journal of Financial Economics 89 (1):20-43.
Marques, A., and J. Tavares. 2012. Lying on Iraq, Telling the Truth on 9-11:
Market Reactions to Corporate Earnings Announcements. Working paper.
Matsumoto, D., M. Pronk, and E. Roelofsen. 2011. What Makes Conference Calls Useful? The Information Content of Managers' Presentations and Analysts' Discussion Sessions. The Accounting Review 86:1383.
Mayew, W. J. 2008. Evidence of management discrimination among analysts during earnings conference calls. Journal of Accounting Research 46 (3):627-659.
Miller, D. T., and M. Ross. 1975. Self-serving biases in the attribution of causality:
Fact or fiction? Psychological Bulletin 82 (2):213-225.
Morris, J. A., C. M. Brotheridge, and J. C. Urbanski. 2005. Bringing humility to leadership: Antecedents and consequences of leader humility. Human Relations 58 (10):1323-1350.
Newman, M. L., J. W. Pennebaker, D. S. Berry, and J. M. Richards. 2003. Lying words: predicting deception from linguistic styles. Personality and Social Psychology Bulletin 29 (5):665-675.
Ou, Y. 2011. CEO humility and its relationship with middle manager behaviors and performance: examining the CEO-middle manager interface. Dissertation at Arizona State University.
Pennebaker, J. W., C. K. Chung, M. Ireland, A. Gonzales, and R. J. Booth. 2007.
The development and psychometric properties of LIWC 2007. Austin, TX: liwc.net.
Pierce, J. R. 1980. An introduction to information theory: symbols, signals & noise. 2nd ed. New York: Dover Publications.
Richardson, S., S. H. Teoh, and P. D. Wysocki. 2004. The Walk‐down to Beatable Analyst Forecasts: The Role of Equity Issuance and Insider Trading Incentives*.
Contemporary Accounting Research 21 (4):885-924.
Skinner, D. J., and R. G. Sloan. 2002. Earnings surprises, growth expectations, and stock returns or don't let an earnings torpedo sink your portfolio. Review of Accounting Studies 7:289-312.
Sloan, R. G. 1996. Do stock prices fully reflect information in accruals and cash flows about future earnings? Accounting Review:289-315.
Smith, C. W., and R. L. Watts. 1992. The investment opportunity set and corporate financing, dividend, and compensation policies. Journal of Financial Economics 32 (3):263-292.
Staw, B. M., P. I. McKechnie, and S. M. Puffer. 1983. The justification of organizational performance. Administrative Science Quarterly:582-600.
Tangney, J. P. 2000. Humility: Theoretical perspectives, empirical findings and directions for future research. Journal of Social and Clinical Psychology 19 (1):70-82.
Tausczik, Y. R., and J. W. Pennebaker. 2010. The Psychological Meaning of Words: LIWC and Computerized Text Analysis Methods. Journal of Language and Social Psychology 29 (1):24-54.
Wasley, C. E., and J. S. Wu. 2006. Why do managers voluntarily issue cash flow forecasts? Journal of Accounting Research 44 (2):389-429.
Weiner, B., I. Frieze, A. Kukla, L. Reed, S. Rest, and R. M. Rosenbaum. 1971.
Perceiving the causes of success and failure. New York: General Learning Press.
Westphal, J. D., and M. E. Graebner. 2010. A matter of appearances: How corporate leaders manage the impressions of financial analysts about the conduct of their boards. The Academy of Management Journal (AMJ) 53 (1):15-44.
Biography Zhenhua Chen was born in Henan, China on February 2, 1982. He received his B.A. in Economics from Fudan University in 2004 in Shanghai, China. He then obtained an M.A. in Economics from State University of New York at Buffalo, and an M.S. in Accounting from Suffolk University. He was admitted to the Ph.D. program in Business