The Effect of Disclosures by Management, Analysts, and Business Press on Cost of Capital, Return Volatility, and Analyst Forecasts: A Study Using Content Analysis

By S. Kothari, Xu Li, James E. Short. 2009

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Citations in the corpus

Textual Sentiment in Finance: A Survey of Methods and Models (2014, background): “…to derive sentiment in texts, including Tetlock (2007), Engelberg (2008), Feldman et al. (2008), Tetlock et al. (2008), Henry and Leone (2009), Kothari et al. (2009), Doran et al. (2010), Carretta et al. (2011), Demers and Vega (2011), Loughran and 11 McDonald (2011a), Engelberg et al.…”
A conceptual framework of impression management: new insights from psychology, sociology and critical perspectives (2011, background): “2000), and investors weigh disclosures by the credibility of their sources (Kothari et al. 2009).”
The effect of corporate tax avoidance on the cost of equity (2013, methodology): “In an additional robustness test, we use the Fama-French factor model to estimate the expected (instead of implied) cost of capital, following the methodology used in Kothari, Li, and Short (2009) and Barth, Konchitchki, and Landsman (2013).”
Disclosure Tone and Shareholder Litigation (2011, background): “Kothari et al. (2008b) hypothesize and find that managers delay the disclosure of bad news relative to good news.”
Readability of 10‐K Reports and Stock Price Crash Risk (2019, positive): “This assumption is consistent with the evidence documented by many prior studies (e.g., Kothari et al. 2009b).”
Aggregated, Voluntary and Mandatory Risk Disclosure Incentives: Evidence from UK FTSE All Share Companies (2013, methodology): “This paper builds on existing work analysing annual report narratives using automated content analysis (e.g., Hussainey et al., 2003; Kothari et al., 2009; Gruning, 2011; Muslu et al., 2011).”
Taxes and Financial Constraints: Evidence from Linguistic Cues (2015, positive): “…(2011), Loughran and MacDonald (2011), Campbell et al. (2012), Bodnaruk et al. (2013)), management discussion and analysis section (Bryan (1997), Kothari et al. (2009), Li (2010), Brown and Tucker (2011), Ball, Hoberg, and Maksimovic (2012)), earnings announcements and press releases (Engelberg…”
Corporate governance and corporate social responsibility disclosure: evidence from Saudi Arabia (2016, neutral): “Less: Financial and Insurance firm-year observations (28) (32) (36) (38) (38) (172)”
Economic Consequences of Key Performance Indicators' Disclosure Quality (2015, neutral): “In such contexts, the disclosure literature argues that corporate disclosure is able to reduce the information asymmetry between insiders and outsiders (e.g., Kothari et al., 2009).”
Corporate governance and risk disclosure: evidence from Saudi Arabia (2019, positive): “The content analysis gained a greater validity and wide fame in the disclosure studies (e.g. Linsley and Shrives, 2006; Abraham and Cox, 2007; Abdel-Fattah, 2008; Kothari et al. 2009; Elzahar and Hussainey, 2012).”