Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • May 2015
  • Article
  • Journal of Law & Economics

What Are We Meeting For? The Consequences of Private Meetings with Investors

By: David H. Solomon and Eugene F. Soltes
  • Format:Print
ShareBar

Abstract

Regulation Fair Disclosure was passed in 2000 in response to the concern that certain investors were gaining selective access to privileged firm information. In spite of the passage of this regulation, some investors continue to meet privately with executives. Using a unique set of proprietary records of all one-on-one meetings between senior management and investors for an NYSE-traded firm, we investigate the impact of private meetings on investor decisions. We find that when investors meet privately with management they make more informed trading decisions. This improvement in trading is concentrated in hedge funds, but is not present for investment advisors or pension funds. Overall, our results suggest that private meetings help a select group of investors make more informed trading decisions.

Keywords

Conferences; Decision Making; Investment

Citation

Solomon, David H., and Eugene F. Soltes. "What Are We Meeting For? The Consequences of Private Meetings with Investors." Journal of Law & Economics 58, no. 2 (May 2015): 325–355.
  • Find it at Harvard

About The Author

Eugene F. Soltes

Accounting and Management
→More Publications

More from the Authors

    • 2022
    • Faculty Research

    Corporate Misconduct’s Relevance to Society through Everyday Misconduct

    By: Eugene Soltes
    • 2022
    • Faculty Research

    Corporate Criminal Investigations and Prosecutions

    By: Leo R. Tsao, Daniel S. Kahn and Eugene F. Soltes
    • 2022
    • Faculty Research

    Measuring Compliance Risk and the Emergence of Analytics

    By: Eugene F. Soltes
More from the Authors
  • Corporate Misconduct’s Relevance to Society through Everyday Misconduct By: Eugene Soltes
  • Corporate Criminal Investigations and Prosecutions By: Leo R. Tsao, Daniel S. Kahn and Eugene F. Soltes
  • Measuring Compliance Risk and the Emergence of Analytics By: Eugene F. Soltes
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College