Managerial extraversion and corporate voluntary disclosure

• 成果类型: Article
• 署名作者: Eugster, Florian; Kallunki, Jenni; Kallunki, Juha-Pekka; Nilsson, Henrik
• 署名单位: University of St Gallen; Swiss Finance Institute (SFI); University of Oulu; Aalto University; Stockholm School of Economics; University of St Gallen
• 刊物名称: CONTEMPORARY ACCOUNTING RESEARCH
• ISSN/ISSBN: 0823-9150
• DOI: 10.1111/1911-3846.12906
• 发表日期: 2024
• 页码: 95-125
• 关键词: ceo overconfidence; UPPER ECHELONS; ability; INFORMATION; style; CONSEQUENCES; determinants; performance; ratings; FIRMS

摘要

This article examines the effect of managers' personality trait of extraversion on the voluntary disclosure of their firms. Our results from analyzing archival data from Sweden show that the extraversion scores of CEOs and CFOs obtained from psychological tests are positively associated with the voluntary disclosure scores of their firms. The effect of managerial extraversion on disclosure is, moreover, stronger when managerial discretion or managerial job demands are higher. We also find that extraversion affects managers' disclosure styles during earnings conference calls.