Men Speak 92 Percent of the Time on Earnings Calls
Sept. 18, 2018
Forget about Chatty Cathys — it’s more like Chatty Charlies.
Men’s voices are basically the only ones heard on earnings calls, according to research commissioned by Bloomberg. Prattle, a company that uses artificial intelligence to parse central bank and corporate communications, analyzed more than 155,000 company conference calls held over the past 19 years — and found that men spoke 92 percent of the time.
Men also made 5 million of the total 5.4 million comments recorded on these earning calls. And when women did get a word in, they spoke an average of 4.5 times per call, compared with 6.1 times for men.
And we need to hear what these female analysts have to say, as a 2010 report published in the Journal of Accounting Research found that female equity analysts issue “bolder and more accurate forecasts” than men do, particularly in markets where their concentration is lower, because they select themselves so that only the strongest female analysts stick around.
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