Firm performance, reporting goals, and language choices in narrative disclosures

被引：72

作者：

Asay, H. Scott ^{[1
]}

Libby, Robert ^{[2
]}

Rennekamp, Kristina ^{[2
]}

机构：

[1] Univ Iowa, Iowa City, IA 52242 USA

[2] Cornell Univ, Ithaca, NY 14853 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2018年 / 65卷 / 2-3期

关键词：

Textual analysis; Readability; Narrative disclosure language; Causal explanation; ANNUAL-REPORT READABILITY; FINANCIAL DISCLOSURE; EARNINGS PERSISTENCE; PLAIN ENGLISH; COMPLEXITY; INVESTORS; INFORMATION; CREATIVITY; JUDGMENTS; IMPACT;

D O I：

10.1016/j.jacceco.2018.02.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We use an experiment with experienced managers to provide more-direct evidence on how reporting goals and firm performance influence language choices. We find that bad news disclosures are less readable than good news, but only when managers have a stronger self-enhancement motive. Our results suggest that this difference is driven mainly by attempts to write more readable good news reports as opposed to intentional obfuscation of poor performance. In order to frame poor performance in a positive light, managers also focus more on the future, provide causal explanations for poor performance, and use more passive voice and fewer personal pronouns.

引用

页码：380 / 398

页数：19

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