We examine how natural disasters affect the corporate environmental, social, and
governance (ESG) disclosure policies of firms located close to disaster areas. We study firms …

With increasing stakeholders' demand for information on corporate social responsibility
(CSR) performance and a growing number of firms issuing standalone CSR reports, this …

We examine whether and how the addition of mandatory paragraphs that highlight
Key/Critical audit matters (KAMs) in the auditor's report affects users' information acquisition …

We use a machine learning technique to assess whether the thematic content of financial
statement disclosures (labeled topic) is incrementally informative in predicting intentional …

Using an extensive database of 356,463 sell‐side equity analysts' reports from 2002 to
2009, this study is one of the first to analyze the readability of analysts' reports. We first …

The readability of 10-K reports, in terms of linguistic complexity, determines the usefulness of
information disclosure for stakeholders, particularly individual investors. Since investors …

We find that changes in managerial tone predict firm corporate investment activities. Tone
changes within the Management Discussion and Analysis section of the 10‐K are positively …

This study examines GAAP effective tax rate (ETR) visibility as a distinct disclosure choice in
firms' financial statements. By applying a game-theory disclosure model for the voluntary …

This study examines the relation between auditors and the unaudited Management
Discussion and Analysis (MD&A). We show that MD&As are more textually similar when …

In this paper, we investigate the association between the general managerial ability of CEOs
and the readability of 10-K reports. We find that the readability of 10-K reports is lower for …