Dr. Doron Reichmann (Leitung FAACT Forschungsgruppe/ Postdoc am FAACT Department, Ruhr-Universität Bochum) spricht im Rahmen des Finance and Insurance Seminars zum Thema:

Listen Closely: Using Vocal Cues to Predict Future Earnings

Abstract zur Studie: "In this study, we aim to advance the prediction of firm earnings – an important task for many business applications. While existing earnings prediction models only rely on numerical financial data, we hypothesize and find that vocal cues from manager speech yield substantial predictive power. Our vocal cue models significantly outperform models based on detailed financial data and textual inputs. We further analyze the models' economic value to investment practitioners. We find that investors can use the models' earnings forecasts to implement trading strategies that beat the market by 8.8% on average per year. Moreover, financial analysts can use vocal cues to improve their earnings forecast accuracy by more than 40%. Collectively, our results imply that managers' vocal cues are important information signals for future earnings that investment practitioners currently overhear."

Im Wintersemester 22/23 wird das Finance and Insurance Seminar in Präsenz durchgeführt. Für Interessierte wird ein Zoom Meeting angeboten. Die Zugangsdaten werden auf Anfrage mitgeteilt. Bitte senden Sie hierzu bis zum 8. November, 12:00 Uhr, eine Nachricht an: alvia.runge@wiwi.uni-muenster.de