... by clicking the links in Appendix B . Editor's note: Accepted by Gregory S. Miller. May 2013 May 2015 2016 narrative disclosure tone sentiment content analysis To evaluate the alternative wordlists and weightings for word-frequency tone measures, we collect a sample...

... disclosure as a supplement to the financial statements. I predict and find that current earnings performance (adjusted for R&D expense) is negatively related to the quantity of narrative R&D disclosure. Conducting a content analysis of the detail, tone, and readability of narrative R&D...