It is about. The sound pitch of male CEOs is an “honest signal of their hormone quality.” we use digitally voice that is analyzed of 167 Wall Street male CEO interviews on CNBC through the 2008 economic crisis and discover a negative relationship amongst the vocals pitch associated with the CEO additionally the threat of the company. Deep-voiced male CEOs were prone to be fired following the financial meltdown up until 2012. Look at full situation of Barclays right next! Microstructure occasion research reveals that deeply voiced CEOs’ TV interviews increased stock return volatility transitorily during the moment for the interviews.
Presented at Nanyang company class in Singapore, Deakin University, Asian FA 2018 at Tokyo, KAIST, Seoul nationwide University, Seoul Quant Conference 2017, the University of Michigan – Flint