... textual analysis topic modeling Researchers and practitioners have criticized traditional earnings-focused performance reporting for placing insufficient emphasis on long-term value creation and fueling myopia among managers and investors ( Stein 1989 ; Fuller and Jensen 2002 ; Kay 2012 ; Lev...

...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...

... understanding of the informativeness of management summaries is important for investors, firms, and regulators considering the role of these presentations in capital markets. voluntary disclosure IPO roadshow managerial presentations textual analysis S-1 filings 2023 28 02 2020 02...

... audit report XBRL footnote disclosure 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...

... 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...

... 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. and Pfizer Inc. had market values over...

... 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) We obtain 10-K filings, financial statements, and stock prices between the years 1996...

... A. Editor's note: Accepted by Mohan Venkatachalam, under the Senior Editorship of Mark L. DeFond. 3 2017 5 2019 2020 extreme language market reactions analyst forecast revisions future performance earnings conference calls textual analysis Don't say infinitely when you...

... March 2019 2020 litigation risk PSLRA safe harbor foward-looking statements textual analysis Firms routinely supplement their financial reports with qualitative disclosures to satisfy investors' demands for information about past and expected future performance. Investors...

.... Finally, I thank Bill Mayew and Mohan Venkatachalam for graciously sharing their data on managerial affect. Editor's note: Accepted by Mark L. DeFond. April 2014 April 2015 2016 conference calls spontaneity scripting textual analysis firm performance Earnings...

... “Large Sample Evidence on the Informativeness of Text in Analyst Reports.” Editor's note: Accepted by Gregory S. Miller. March 2012 April 2014 2014 analyst report naïve Bayes textual analysis information content Analyst reports...