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The Effect of Quarterly Report Readability on Information Efficiency of Stock Prices*
16 references·16 citing·40 second hopsampled
The Effect of Quarterly Report Readability on Information Efficiency of Stock Prices* (2011)The Effect of Quarterly Report Readabilit…On the use of instrumental variables in accounting research (2009)On the use of instrumental va…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Annual report readability, current earnings, and earnings persistence (2008)Annual report readability, cu…Limited attention, information disclosure, and financial reporting (2003)Limited attention, informatio…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A model of investor sentiment…The information content of losses (1995)The information content of lo…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…A model of investor sentiment /A model of investor sentiment…Annual report readability and the cost of equity capital (2021)Annual report readability and…Integrated reporting and earnings quality: The moderating effect of agency costs (2020)Integrated reporting and earn…The readability of company responses to SEC comment letters and SEC 10-K filing review outcomes (2019)The readability of company re…Information overload and disclosure smoothing (2019)Information overload and disc…Annual report readability and stock liquidity (2019)Annual report readability and…The linguistic complexities of narrative accounting disclosure on financial statements: An analysis based on readability characteristics (2018)The linguistic complexities o…The influence of business strategy on annual report readability (2018)The influence of business str…Financial Statement Footnote Readability and Corporate Audit Outcomes (2018)Financial Statement Footnote …Executive age and the readability of financial reports (2018)Executive age and the readabi…Annual report readability and corporate agency costs (2018)Annual report readability and…Management Risk Incentives and the Readability of Corporate Disclosures (2017)Management Risk Incentives an…Financial Reports and Social Capital (2017)Financial Reports and Social …Assessing social and environmental performance through narrative complexity in CSR reports (2017)Assessing social and environm…The Information Content of Risk Factor Disclosures in Quarterly Reports (2015)The Information Content of Ri…Consequences of Big Data and Formalization on Accounting and Auditing Standards (2015)Consequences of Big Data and …Accounting Narratives and Impression Management on Social Media (2015)Accounting Narratives and Imp…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)Continuous Auctions and Insider Trading (1985)Does the Stock Market Overreact? (1985)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Capital markets research in accounting (2001)Accounting earnings and cash flows as measures of firm performance (1994)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Errors in Estimating Accruals: Implications for Empirical Research (2002)How does financial reporting quality relate to investment efficiency? (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)Judgment under Uncertainty: Heuristics and Biases (1975)In Search of Attention (2011)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Risk, Return, and Equilibrium: Empirical Tests (1973)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)
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References

  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1998A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.12,865 cited
  • 2008Annual report readability, current earnings, and earnings persistence2,850 cited
  • 2009On the use of instrumental variables in accounting research2,416 cited
  • 2003

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Limited attention, information disclosure, and financial reporting
2,339 cited
  • 1995The information content of losses2,315 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
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    • 2015Accounting Narratives and Impression Management on Social Media120 cited
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    • 2020Integrated reporting and earnings quality: The moderating effect of agency costs94 cited
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