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The Information Content of Forward‐Looking Statements in Corporate Filings—A Naïve Bayesian Machine Learning Approach
16 references·16 citing·22 second hopsampled
The Information Content of Forward‐Looking Statements in Corporate Filings—A Naïve Bayesian Machine Learning Approach (2010)The Information Content of Forward‐Lookin…Annual report readability, current earnings, and earnings persistence (2008)Annual report readability, cu…Limited attention, information disclosure, and financial reporting (2003)Limited attention, informatio…Errors in Estimating Accruals: Implications for Empirical Research (2002)Errors in Estimating Accruals…A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital (2002)A Re‐examination of Disclosur…Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Information asymmetry, corpor…The Economic Consequences of Increased Disclosure (2000)The Economic Consequences of …The Economic Consequences of Increased Disclosure (1999)The Economic Consequences of …Disclosure level and the cost of equity capital. (1997)Disclosure level and the cost…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings? (1996)Do Stock Prices Fully Reflect…Corporate Disclosure Policy and Analyst Behavior. (1996)Corporate Disclosure Policy a…Why Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Cross-Sectional Determinants …The Clockwork Muse: The Predictability of Artistic Change (1992)The Clockwork Muse: The Predi…Positive Accounting Theory (1985)Positive Accounting TheoryDiscretionary disclosure (1983)Discretionary disclosureCorporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…Disclosure processing costs, investors’ information choice, and equity market outcomes: A review (2020)Disclosure processing costs, …Text as Data (2019)Text as DataManager sentiment and stock returns (2018)Manager sentiment and stock r…The benefits of specific risk-factor disclosures (2016)The benefits of specific risk…Textual Analysis in Accounting and Finance: A Survey (2016)Textual Analysis in Accountin…Textual sentiment in finance: A survey of methods and models (2014)Textual sentiment in finance:…Text mining for market prediction: A systematic review (2014)Text mining for market predic…Tone Management (2013)Tone ManagementTextual risk disclosures and investors’ risk perceptions (2013)Textual risk disclosures and …Processing Fluency and Investors’ Reactions to Disclosure Readability (2012)Processing Fluency and Invest…Detecting Deceptive Discussions in Conference Calls (2012)Detecting Deceptive Discussio…Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011)Textual Analysis of Corporate…Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A (2011)Managers' Use of Language Acr…The Information Content of Mandatory Risk Factor Disclosures in Corporate Filings (2010)The Information Content of Ma…Large‐Sample Evidence on Firms’ Year‐over‐Year MD&A Modifications (2010)Large‐Sample Evidence on Firm…Management's Tone Change, Post Earnings Announcement Drift and Accruals (2009)Management's Tone Change, Pos…Coefficient Alpha and the Internal Structure of Tests (1951)Disclosure, Liquidity, and the Cost of Capital (1991)The Cross-Section of Expected Stock Returns (1992)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Specification Tests in Econometrics (1978)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Disclosure of Nonproprietary Information (1985)The conservatism principle and the asymmetric timeliness of earnings1 (1997)The market pricing of accruals quality (2005)When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)An Empirical Evaluation of Accounting Income Numbers (1968)Job Market Signaling (1973)The financial reporting environment: Review of the recent literature (2010)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)How does financial reporting quality relate to investment efficiency? (2009)
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References

  • 2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature7,391 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1997Disclosure level and the cost of equity capital.3,577 cited
  • 1983Discretionary disclosure3,477 cited
  • 2008Annual report readability, current earnings, and earnings persistence2,850 cited
  • 1996Corporate Disclosure Policy and Analyst Behavior.2,743 cited
  • 1993Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures2,643 cited
  • 1996Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?2,636 cited
  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • 2000The Economic Consequences of Increased Disclosure2,369 cited
  • 2003Limited attention, information disclosure, and financial reporting2,339 cited
  • 1999The Economic Consequences of Increased Disclosure2,101 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 2002Errors in Estimating Accruals: Implications for Empirical Research1,683 cited
  • 2002A Re‐examination of Disclosure Level and the Expected Cost of Equity Capital

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1,457 cited
  • 1992The Clockwork Muse: The Predictability of Artistic Change164 cited
  • Cited by

    • 2016Textual Analysis in Accounting and Finance: A Survey2,279 cited
    • 2019Text as Data1,260 cited
    • 2020Disclosure processing costs, investors’ information choice, and equity market outcomes: A review1,089 cited
    • 2010The Information Content of Mandatory Risk Factor Disclosures in Corporate Filings922 cited
    • 2013Tone Management862 cited
    • 2018Manager sentiment and stock returns733 cited
    • 2009Management's Tone Change, Post Earnings Announcement Drift and Accruals712 cited
    • 2013Textual risk disclosures and investors’ risk perceptions685 cited
    • 2010Large‐Sample Evidence on Firms’ Year‐over‐Year MD&A Modifications677 cited
    • 2012Processing Fluency and Investors’ Reactions to Disclosure Readability662 cited
    • 2014Text mining for market prediction: A systematic review616 cited
    • 2011Textual Analysis of Corporate Disclosures: A Survey of the Literature605 cited
    • 2012Detecting Deceptive Discussions in Conference Calls601 cited
    • 2014Textual sentiment in finance: A survey of methods and models579 cited
    • 2011Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A577 cited
    • 2016The benefits of specific risk-factor disclosures548 cited