...Wen Chen; Haibin Wu; Liandong Zhang ABSTRACT This study investigates the effect of managerial sentiment on corporate disclosure decisions. Using terrorist attacks in the United States as adverse shocks to managerial sentiment, we find that firms located in the metropolitan areas attacked issue...

.... narrative disclosure tone sentiment content analysis Beat vb 1. to strike repeatedly;…; 4. to overcome … to surpass. —Merriam-Webster Online Dictionary Accounting standards regulate the reporting of accounting numbers, but in financial narrative, such as earnings announcements...