Ex-military CEOs and readability of financial reports

被引：1

作者：

Jha, Anand ^{[1
,4
]}

Panta, Humnath ^{[2
]}

Sarkar, Salil K. ^{[3
]}

机构：

[1] Wayne State Univ, Mike Ilitch Sch Business, Detroit, MI USA

[2] Cal Poly Humboldt, Sch Business, Arcata, CA USA

[3] Univ Texas Arlington, Coll Business, Arlington, TX USA

[4] Wayne State Univ, MikeIlitch Sch Business, 2771 Woodward Ave, Detroit, MI 48201 USA

来源：

JOURNAL OF BUSINESS FINANCE & ACCOUNTING | 2024年 / 51卷 / 5-6期

关键词：

10-K; annual report; CEO style; disclosure; ethics; military; readability; EARLY-LIFE EXPERIENCES; PROPENSITY SCORE; CURRENT EARNINGS; UPPER ECHELONS; FIRM; DISCLOSURE; RISK; VOLUNTARY; MANAGERS; STYLE;

D O I：

10.1111/jbfa.12743

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this study, we examine the effect of ex-military Cheif Executive Office (CEO)s on the readability of 10-Ks. Using the Bog Index as a measure of readability, we find that firms run by ex-military CEOs have much more readable financial reports, mainly because of the words used in these financial reports. Ex-military CEOs also have a moderating effect-we find that their leadership lessens the adverse effects of loss and business complexity on the 10-K's readability. These results are consistent with the view that ex-military CEOs resist the temptation to obfuscate negative news and may communicate complexity in operations more clearly. Overall, our findings indicate a possible behavioral explanation for why some firms have more readable annual reports.

引用

页码：1302 / 1336

页数：35

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