Methods

Below, I describe how I collect my data and run my analyses.

Data Collection

Earnings calls held by companies listed on US stock markers (e.g. NYSE, NASDAQ, OTC) are commonly transcribed and part of the public record. These transcripts represent the raw materials I use in my research.

One of the main limitations of these transcripts is their unstructured nature; they are plain text documents that cannot be analyzed linguistically as such. In my research, I developed an algorithm that converts transcripts into structured documents I can run queries on. For example, I could analyze how CEOs respond to questions on “Black Lives Matter” or any topic of interest.

CEO Breakdown by Stock Market

I run my analyses on all major stock markets in the United States.

Financial MarketNumber of CEOs
NASDAQ2262
NYSE2136
OTC796

CEO Breakdown by Industry

Industry data is based on the S&P’s Global Industry Classification Standard.

IndustryCEO Count
Information Technology604
Financials581
Real Estate231
Health Care777
Industrials652
Consumer Discretionary542

CEO Breakdown by Headquarters Location

Countries with fewer than 100 individual CEOs per quarter were removed from analyses.

CountryCEO Count
United States3.094
Canada398
United Kingdom150
China120