TY - JOUR
T1 - Content and Characteristics of Private in-House Meetings
AU - Chen, Jian
AU - Zhou, Yixiao
AU - Qi, Zhen
N1 - Publisher Copyright:
© 2020 The Institute of Behavioral Finance.
PY - 2020/10/1
Y1 - 2020/10/1
N2 - We investigate characteristics of private in-house meetings by analyzing 7,369 records of Chinese-listed companies’ meetings. Using meeting content, we investigate four characteristics: number and heterogeneity of external participants, communication depth, communication breadth, and importance attributed to communication by executives. An increase in the number of institutional investors attending an in-house meeting increases depth and breadth of communication, as well as the importance attributed to it by executives. Participation of public funds, securities companies’ research teams, and private equity funds increases the depth of communication, while public funds enhance its breadth. Executives of listed companies treat different types of investors differently.
AB - We investigate characteristics of private in-house meetings by analyzing 7,369 records of Chinese-listed companies’ meetings. Using meeting content, we investigate four characteristics: number and heterogeneity of external participants, communication depth, communication breadth, and importance attributed to communication by executives. An increase in the number of institutional investors attending an in-house meeting increases depth and breadth of communication, as well as the importance attributed to it by executives. Participation of public funds, securities companies’ research teams, and private equity funds increases the depth of communication, while public funds enhance its breadth. Executives of listed companies treat different types of investors differently.
KW - Private communication
KW - characteristics of private in-house meeting
KW - content of private in-house meeting
KW - heterogeneity of institutional investors
KW - private in-house meeting
UR - http://www.scopus.com/inward/record.url?scp=85078477424&partnerID=8YFLogxK
U2 - 10.1080/15427560.2020.1716231
DO - 10.1080/15427560.2020.1716231
M3 - Article
SN - 1542-7560
VL - 21
SP - 442
EP - 455
JO - Journal of Behavioral Finance
JF - Journal of Behavioral Finance
IS - 4
ER -