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Linguistic Tone and Internal Control Reporting: Evidence from Municipal Management Discussion and Analysis Disclosures
16 references·1 citing·39 second hopsampled
Linguistic Tone and Internal Control Reporting: Evidence from Municipal Management Discussion and Analysis Disclosures (2018)Linguistic Tone and Internal Control Repo…Textual Analysis in Accounting and Finance: A Survey (2016)Textual Analysis in Accountin…The Structure of Voluntary Disclosure Narratives: Evidence from Tone Dispersion (2015)The Structure of Voluntary Di…MD&A Disclosure and the Firm's Ability to Continue as a Going Concern (2013)MD&A Disclosure and the Firm'…When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)When Is a Liability Not a Lia…Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A (2011)Managers' Use of Language Acr…Beyond the Numbers: Measuring the Information Content of Earnings Press Release Language* (2011)Beyond the Numbers: Measuring…The Information Content of Forward‐Looking Statements in Corporate Filings—A Naïve Bayesian Machine Learning Approach (2010)The Information Content of Fo…The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts (2010)The Effect of Annual Report R…The Causes and Consequences of Internal Control Problems in Nonprofit Organizations (2010)The Causes and Consequences o…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…Annual report readability, current earnings, and earnings persistence (2008)Annual report readability, cu…Market Reaction to Verbal Components of Earnings Press Releases: Event Study Using a Predictive Algorithm (2006)Market Reaction to Verbal Com…Who Wants to Work for the Government? (2002)Who Wants to Work for the Gov…Signaling and Monitoring in Public-Sector Accounting (1987)Signaling and Monitoring in P…Toward understanding the role of auditing in the public sector (1983)Toward understanding the role…Linguistic tone of management discussion and analysis disclosures and the municipal debt market (2021)Linguistic tone of management…ASPECTS OF THE THEORY OF SYNTAX (1964)How does financial reporting quality relate to investment efficiency? (2009)The Information Content of Mandatory Risk Factor Disclosures in Corporate Filings (2010)Disclosure processing costs, investors’ information choice, and equity market outcomes: A review (2020)Getting a Job: A Study of Contacts and Careers. (1975)The Motivational Bases of Public Service (1990)Measuring Public Service Motivation: An Assessment of Construct Reliability and Validity (1996)An Analysis of Differences in Work Motivation between Public and Private Sector Organizations (2007)Does Public Service Motivation Really Make a Difference on the Job Satisfaction and Turnover Intentions of Public Employees? (2008)Public Service Motivation: A Systematic Literature Review and Outlook (2016)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Positive Accounting Theory (1985)Disclosure level and the cost of equity capital. (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Text as Data (2019)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011)The effect of manager-specific optimism on the tone of earnings conference calls (2014)Corporate governance, chief executive officer compensation, and firm performance (1999)Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media (2014)Linguistic style and crowdfunding success among social and commercial entrepreneurs (2017)Thirteen Ways to Look at the Correlation Coefficient (1988)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Uniting the Tribes: Using Text for Marketing Insight (2019)Climate Change News Risk and Corporate Bond Returns (2020)Deep learning for financial applications : A survey (2020)The market pricing of accruals quality (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions. (1998)Corporate Disclosure Practices, Institutional Investors, and Stock Return Volatility (2000)Textual risk disclosures and investors’ risk perceptions (2013)Firm-Level Political Risk: Measurement and Effects* (2019)Mine Your Own Business: Market-Structure Surveillance Through Text Mining (2012)Manager sentiment and stock returns (2018)
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References

  • 2011When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks6,003 cited
  • 2008Annual report readability, current earnings, and earnings persistence2,850 cited
  • 2016Textual Analysis in Accounting and Finance: A Survey2,279 cited
  • 2010The Information Content of Forward‐Looking Statements in Corporate Filings—A Naïve Bayesian Machine Learning Approach1,374 cited
  • 2010The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts1,169 cited
  • 2009Management's Tone Change, Post Earnings Announcement Drift and Accruals712 cited
  • 2011Beyond the Numbers: Measuring the Information Content of Earnings Press Release Language*699 cited
  • 2010Large‐Sample Evidence on Firms’ Year‐over‐Year MD&A Modifications677 cited
  • 2002Who Wants to Work for the Government?639 cited
  • 2011Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A577 cited
  • 2015The Structure of Voluntary Disclosure Narratives: Evidence from Tone Dispersion303 cited
  • 2013MD&A Disclosure and the Firm's Ability to Continue as a Going Concern274 cited
  • 2010The Causes and Consequences of Internal Control Problems in Nonprofit Organizations254 cited
  • 1983Toward understanding the role of auditing in the public sector

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184 cited
  • 1987Signaling and Monitoring in Public-Sector Accounting167 cited
  • 2006Market Reaction to Verbal Components of Earnings Press Releases: Event Study Using a Predictive Algorithm156 cited
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    • 2021Linguistic tone of management discussion and analysis disclosures and the municipal debt market17 cited