How Do CEOs and CFOs Talk about the Impact of the Coronavirus Shutdown on Corporate Profits

Join Gies Business professor Fei Du for a webinar on June 2, 2020 at 1pm: "Good Faith and Forward Looking: How Do CEOs and CFOs Talk about the Impact of the Coronavirus Shutdown on Corporate Profits?"

Register: http://go.gies.illinois.edu/GlobalChallenges_Du.

First-quarter earnings forecasts dropped for all 11 sectors in the S&P500. While some industries are hit by an unprecedented drop in demand, others face unprecedented growth opportunities. Companies are urged to disclose COVID-19’s impact on their businesses in earnings conference calls, and SEC chairman Jay Clayton encourages companies to issue forward-looking disclosures to investors and be as transparent as possible. Professor Du will talk about some empirical insight from earnings conference call transcripts from the top 10 industry leaders in consumer staples, technology, and communications. Participants will receive a data analytics tool kit that allows them to directly interact with the data, adjust the parameters, and generate the results in their preferred format. Participants will also have an opportunity to ask questions.