안민관 교수

This paper investigates whether analysts’ assessments of managerial ability affect their incentives to put their names in the queue and ask a question on an earnings conference call. We find that managerial ability is positively associated with the number of questions asked on the earnings conference call and managerial ability is negatively associated with the likelihood that there are zero questions asked on the conference call. These findings suggest that higher ability managers elicit more q

[Purpose]Ahn et al. (2022) find a positive association between managerial ability and the number of questions from analysts on conference calls. They further document that there is a greater increase in forecast accuracy around conference calls when more questions are asked of higher ability managers. They interpret these findings as suggesting that managers with high ability induce more questions from analysts on conference calls. However, the positive association they document could be also dr

An established succession planning program for the identification and grooming of its next leader helps maintain the continuity of firm strategy and leadership style, which influences long-term firm performance and viability. Disclosure of succession planning information may alleviate investors’ doubts about whether the firm has a succession planning plan, while it may increase competition for CEO candidates, leading to increases in the cost of securing qualified candidates. This study explores