SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
When does the tone of earnings press releases matter?
16 references·6 citing·42 second hopsampled
When does the tone of earnings press releases matter? (2018)When does the tone of earnings press rele…Measuring Readability in Financial Disclosures (2014)Measuring Readability in Fina…Tone Management (2013)Tone ManagementSentiment During Recessions (2012)Sentiment During RecessionsWhen Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)When Is a Liability Not a Lia…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Are Investors Influenced By How Earnings Press Releases Are Written? (2008)Are Investors Influenced By H…Financial accounting information, organizational complexity and corporate governance systems (2003)Financial accounting informat…Stock Market Overreactions to Bad News in Good Times: A Rational Expectations Equilibrium Model (1999)Stock Market Overreactions to…The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)The economics of small busine…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Optimal Release of Information By Firms (1985)Optimal Release of Informatio…Common stock repurchases and market signalling (1981)Common stock repurchases and …The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determination of Financia…Asset returns and inflation (1977)Asset returns and inflationA critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…International Earnings Announcements: Tone, Forward-looking Statements, and Informativeness (2021)International Earnings Announ…Executives vs. governance: Who has the predictive power? Evidence from narrative tone (2021)Executives vs. governance: Wh…Does managerial ability affect disclosure? Evidence from earnings press releases (2021)Does managerial ability affec…Are gender diverse boards more cautious? The impact of board gender diversity on sentiment in earnings press releases (2021)Are gender diverse boards mor…The influence of narrative disclosure readability, information ordering and graphical representations on non-professional investors' judgment: evidence from an emerging market (2020)The influence of narrative di…Managerial career concerns and the content of corporate disclosures: An analysis of the tone of earnings press releases (2020)Managerial career concerns an…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Expected stock returns and volatility (1987)Efficient Capital Markets: II (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Behavior of Stock-Market Prices (1965)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure (2002)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Small and medium-size enterprises: Access to finance as a growth constraint (2006)Dividend Policy, Growth, and the Valuation of Shares (1961)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)Common risk factors in the returns on stocks and bonds (1993)Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)In Search of Attention (2011)Text as Data: The Promise and Pitfalls of Automatic Content Analysis Methods for Political Texts (2013)Textual Analysis in Accounting and Finance: A Survey (2016)How does financial reporting quality relate to investment efficiency? (2009)The evolution of 10-K textual disclosure: Evidence from Latent Dirichlet Allocation (2017)Disclosure processing costs, investors’ information choice, and equity market outcomes: A review (2020)Prospect theory: An analysis of decision under risk (1988)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)News implied volatility and disaster concerns (2016)Manager sentiment and stock returns (2018)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)The relationship between return and market value of common stocks (1981)Multifactor Explanations of Asset Pricing Anomalies (1996)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 2011When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks6,003 cited
  • 1977The Determination of Financial Structure: The Incentive-Signalling Approach4,163 cited
  • 1998The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle3,690 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 1977Asset returns and inflation2,701 cited
  • 2014Measuring Readability in Financial Disclosures1,452 cited
  • 2012Sentiment During Recessions1,156 cited
  • 1985Optimal Release of Information By Firms1,105 cited
  • 2003Financial accounting information, organizational complexity and corporate governance systems1,058 cited
  • 1981Common stock repurchases and market signalling1,037 cited
  • 1999Stock Market Overreactions to Bad News in Good Times: A Rational Expectations Equilibrium Model997 cited
  • 2008

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

Are Investors Influenced By How Earnings Press Releases Are Written?
895 cited
  • 2013Tone Management862 cited
  • Cited by

    • 2020Managerial career concerns and the content of corporate disclosures: An analysis of the tone of earnings press releases36 cited
    • 2021Are gender diverse boards more cautious? The impact of board gender diversity on sentiment in earnings press releases27 cited
    • 2021Does managerial ability affect disclosure? Evidence from earnings press releases26 cited
    • 2021Executives vs. governance: Who has the predictive power? Evidence from narrative tone26 cited
    • 2021International Earnings Announcements: Tone, Forward-looking Statements, and Informativeness25 cited
    • 2020The influence of narrative disclosure readability, information ordering and graphical representations on non-professional investors' judgment: evidence from an emerging market18 cited