Gender Difference in CFO Communication: Evidence From Earnings Calls

Authors

Julia Klevak, Wellington Management
Joshua Livnat, New York University
Kate Suslava, ks063@bucknell.eduFollow

Publication Date

2024

Description

We examine gender differences in the language of CFOs who participate in quarterly earnings calls. Female executives are more concise and less optimistic, are clearer, use fewer idioms or clichés, and provide more numbers in their speech compared to their male counterparts. These differences are associated with more positive immediate market reactions and correlate with CFOs’ overconfidence, conservatism, and ethical standards.

Journal

Journal of Accounting and Public Policy

Volume

44

Department

Accounting and Financial Management

Link to Published Version

https://www.sciencedirect.com/science/article/abs/pii/S0278425424000164?dgcid=author

DOI

https://doi.org/10.1016/j.jaccpubpol.2024.107193

Recommended Citation

Julia Klevak, Joshua Livnat, Kate Suslava, Gender difference in CFO communication: Evidence from earnings calls, Journal of Accounting and Public Policy, Volume 44, 2024,107193,ISSN 0278-4254, https://doi.org/10.1016/j.jaccpubpol.2024.107193.