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Beyond the Numbers: An Analysis of Optimistic and Pessimistic Language in Earnings Press Releases
16 references·16 citing·47 second hopsampled
Beyond the Numbers: An Analysis of Optimistic and Pessimistic Language in Earnings Press Releases (2006)Beyond the Numbers: An Analysis of Optimi…Accounting Discretion, Corporate Governance, and Firm Performance* (2008)Accounting Discretion, Corpor…Why Do Managers Explain Their Earnings Forecasts? (2004)Why Do Managers Explain Their…Charisma under crisis: Presidential leadership, rhetoric, and media responses before and after the September 11th terrorist attacks (2004)Charisma under crisis: Presid…The Role of Supplementary Statements with Management Earnings Forecasts (2003)The Role of Supplementary Sta…Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three Decades? (2002)Has the Information Content o…Expanded Disclosures and the Increased Usefulness of Earnings Announcements (2002)Expanded Disclosures and the …Earnings Performance and Discretionary Disclosure (2002)Earnings Performance and Disc…Communicative Action and Corporate Annual Reports (2002)Communicative Action and Corp…Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Information asymmetry, corpor…Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature (2001)Information Asymmetry, Corpor…Corporate governance, chief executive officer compensation, and firm performance (1999)Corporate governance, chief e…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Why Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Additional Evidence on the Information Content of Management Earnings Forecasts (1984)Additional Evidence on the In…An Empirical Investigation of the Voluntary Disclosure of Corporate Earnings Forecasts (1980)An Empirical Investigation of…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…Examining the role of narratives in civic crowdfunding: linguistic style and message substance (2019)Examining the role of narrati…Combining Enterprise Knowledge Graph and News Sentiment Analysis for Stock Price Prediction (2019)Combining Enterprise Knowledg…Information, Trading, and Volatility: Evidence from Firm-Specific News (2018)Information, Trading, and Vol…Predicting wins and spread in the Premier League using a sentiment analysis of twitter (2016)Predicting wins and spread in…A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets (2016)A Mind Is a Terrible Thing to…Knightian Uncertainty and Stock-Price Movements: Why the REH Present-Value Model Failed Empirically (2015)Knightian Uncertainty and Sto…Soft Strategic Information and IPO Underpricing (2012)Soft Strategic Information an…Fifteen years in the trenches: Auditor–client negotiations exposed and explored (2012)Fifteen years in the trenches…The Effects of Ambiguous Information on Initial and Subsequent IPO Returns (2010)The Effects of Ambiguous Info…Earnings Conference Call Content and Stock Price: The Case of REITs (2010)Earnings Conference Call Cont…On the predictive ability of narrative disclosures in annual reports (2009)On the predictive ability of …Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach (2009)Measuring the Information Con…Measuring Qualitative Information in Capital Markets Research (2009)Measuring Qualitative Informa…Do pennies matter? Investor relations consequences of small negative earnings surprises (2009)Do pennies matter? Investor r…Do MD&A Disclosures Help Users Interpret Disproportionate Inventory Increases? (2009)Do MD&A Disclosures Help User…Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language (2007)Litigation Risk and Voluntary…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Event Studies in Economics and Finance (1997)Disclosure of Nonproprietary Information (1985)The economic implications of corporate financial reporting (2005)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The role of information and financial reporting in corporate governance and debt contracting (2010)The effect of institutional ownership on firm transparency and information production (2015)Disclosure processing costs, investors’ information choice, and equity market outcomes: A review (2020)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2001)Corporate Governance and Equity Prices (2003)On the use of instrumental variables in accounting research (2009)Using daily stock returns (1985)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)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)An Empirical Evaluation of Accounting Income Numbers (1968)The Information Content of Annual Earnings Announcements (1968)Ambiguity and self-evaluation: The role of idiosyncratic trait definitions in self-serving assessments of ability. (1989)Ambiguity and Self-Evaluation: The Role of Idiosyncratic Trait Definitions in Self-Serving Assessments of Ability (2002)An Empirical Analysis of Triple Bottom‐Line Reporting and its Determinants: Evidence from the United States and Japan (2007)Earnings Management During Import Relief Investigations (1991)Performance matched discretionary accrual measures (2005)Corporate Governance and Agency Conflicts (2008)The Role of International Financial Reporting Standards in Accounting Quality: Evidence from the European Union (2010)The economic consequences associated with integrated report quality: Capital market and real effects (2017)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Corporate Disclosure Policy and Analyst Behavior. (1996)Disclosure level and the cost of equity capital. (1997)Voluntary Environmental Disclosures by Large UK Companies (2006)Management Earnings Forecasts: A Review and Framework (2008)The Role of Dissemination in Market Liquidity: Evidence from Firms' Use of Twitter™ (2013)Discretionary disclosure (1983)Outside directors and CEO turnover (1988)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Voluntary environmental disclosure quality and firm value: Further evidence (2015)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)
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References

  • 2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature7,391 cited
  • 1999Corporate governance, chief executive officer compensation, and firm performance4,334 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • 2001Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature2,097 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 2003The Role of Supplementary Statements with Management Earnings Forecasts683 cited
  • 2002Earnings Performance and Discretionary Disclosure582 cited
  • 2008Accounting Discretion, Corporate Governance, and Firm Performance*557 cited
  • 1980An Empirical Investigation of the Voluntary Disclosure of Corporate Earnings Forecasts490 cited
  • 2002Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three Decades?444 cited
  • 2004Charisma under crisis: Presidential leadership, rhetoric, and media responses before and after the September 11th terrorist attacks392 cited
  • 2002Expanded Disclosures and the Increased Usefulness of Earnings Announcements354 cited
  • 1984

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

Additional Evidence on the Information Content of Management Earnings Forecasts
354 cited
  • 2004Why Do Managers Explain Their Earnings Forecasts?348 cited
  • 2002Communicative Action and Corporate Annual Reports336 cited
  • Cited by

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    • 2016A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets138 cited
    • 2016Predicting wins and spread in the Premier League using a sentiment analysis of twitter134 cited
    • 2009Do pennies matter? Investor relations consequences of small negative earnings surprises129 cited
    • 2010Earnings Conference Call Content and Stock Price: The Case of REITs128 cited
    • 2012Fifteen years in the trenches: Auditor–client negotiations exposed and explored116 cited
    • 2007Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language106 cited
    • 2009On the predictive ability of narrative disclosures in annual reports104 cited
    • 2010The Effects of Ambiguous Information on Initial and Subsequent IPO Returns102 cited
    • 2009Measuring the Information Content of the Beige Book: A Mixed Data Sampling Approach71 cited
    • 2009Do MD&A Disclosures Help Users Interpret Disproportionate Inventory Increases?63 cited
    • 2009Measuring Qualitative Information in Capital Markets Research57 cited
    • 2012Soft Strategic Information and IPO Underpricing51 cited
    • 2019Combining Enterprise Knowledge Graph and News Sentiment Analysis for Stock Price Prediction49 cited
    • 2019Examining the role of narratives in civic crowdfunding: linguistic style and message substance46 cited
    • 2015Knightian Uncertainty and Stock-Price Movements: Why the REH Present-Value Model Failed Empirically46 cited