... susceptible to confounding effects arising from unidentified concurrent events that may influence MM and AIM differently. Third, I use a small sample due to the manual data collection process and validity checking of unique words for textual analysis. Therefore, my sample may not be fully representative...

...Matthew R. Lyle; Edward J. Riedl; Federico Siano ABSTRACT This paper examines how changes in risk disclosures affect uncertainty about risk. We measure changes in risk disclosures using the addition and removal of individual risk factors to firms’ 10-K filings, identified via textual analysis...

... textual analysis market reaction unexpected disclosures audit quality audit fees This study examines the requirement to disclose critical audit matters (CAMs), which became effective in 2019 and is one of the largest expansions of the U.S. audit report since the 1940s. CAMs relate to accounts...

... managerial presentations textual analysis S-1 filings Raising capital is one of management’s fundamental responsibilities. To do so, managers often present summaries of firm performance and investment opportunities to potential investors. These presentations have the potential to reduce information...

... the pre-standard and post-standard regimes. I find that the market reacts negatively to substantial doubt in GC only after ASU 2014-15. Next, I find the effect of ASU 2014-15 for quarterly reports, but not annual reports. More importantly, by employing detailed textual analysis to extract and categorize...

... by Gregory J. Clinch, under the Senior Editorship of Mary E. Barth. 1 2 2019 1 1 2021 2022 investment opportunities IOS textual analysis Tobin's Q corporate policies Lasso Much corporate value lies in growth options rather than assets in place. In early 2019, Apple Inc...

... comparability information-processing costs textual analysis machine learning industries analysts information transfers The value of accounting derives from accumulating and summarizing data about business entities in a standardized format that generates useful information for targeted users (e.g...

... textual analysis Wondering about a competitor's next move? Check the company's annual filing with the SEC (called a 10-K) to see if it alludes to future plans in an “Outlook” section. — Hodges (2008) This paper examines whether a firm's investments are influenced by the changing tone...

... in communicating reality and not merely reflecting hyperbole. extreme language market reactions analyst forecast revisions future performance earnings conference calls textual analysis Don't say infinitely when you mean very; otherwise you'll have no word left when you want to talk about...

... harbor foward-looking statements textual analysis Our analyses make several important contributions. First, there is scant empirical evidence regarding whether FLS are subject to litigation risk following the PSLRA. Johnson et al. (2001) investigate whether the PSLRA encouraged high-technology...

... Bayesian machine learning approach . Journal of Accounting Research 48 ( 5 ): 1049 – 1102 . 10.1111/j.1475-679X.2010.00382.x Loughran , T ., and B . McDonald . 2011 . When is a liability not a liability? Textual analysis, dictionaries...

... naïve Bayes textual analysis information content Analyst reports are a useful source of information for both institutional and individual investors ( SRI International 1987 ). An analyst report typically provides several quantitative summary measures, including a stock...