Being alert to the contingency: how environmental turbulence impacts annual report readability

被引：0

作者：

Bae, Jonghyuk ^{[1
]}

Seo, Donghwi ^{[2
]}

Roh, Taewoo ^{[3
]}

机构：

[1] Wenzhou Kean Univ, Coll Business & Publ Management, Wenzhou, Peoples R China

[2] Pace Univ, Lubin Sch Business, New York, NY USA

[3] Hanyang Univ, Sch Int Studies, Seoul 04763, South Korea

来源：

APPLIED ECONOMICS LETTERS | 2024年

关键词：

Annual report readability; environmental contingency; technological turbulence; market turbulence; M14; M10;

D O I：

10.1080/13504851.2024.2351161

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the association between environmental turbulence and annual report readability. We argue that companies operating in highly turbulent environments may exhibit lower annual report readability due to the industry's increased environmental uncertainty. Using a sample of US firms from 1993 to 2019, we find that industry technological and market turbulence are negatively related to annual report readability. This study demonstrates the importance of considering environmental turbulence in understanding annual report readability.

引用

页数：6