The Effect Of Conference Call Initiations On Analyst Coverage And Institutional Ownership

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Melita Stephanou-Charitou
Adamos Vlittis
Petros Lois

Keywords

Voluntary disclosures, conference calls, institutional ownership, analyst coverage

Abstract

The study empirically examines changes in institutional ownership and analyst coverage in the years following conference call initiations. We find significant increases in both variables in the years following initiations of conference calls after controlling for confounding factors. These results complement prior research on the benefits of disclosures and suggest that expanded disclosures create additional institutional and analyst interest in stocks.

 

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