The Effect of Quarterly Report Readability on Information Efficiency of Stock Prices

By Yen-Jung Lee. 2012

223 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/45fc7cc3aa69bd2347aa4a98a8a8e2ee7c0bab41

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Citations in the corpus

Guiding Through the Fog: Financial Statement Complexity and Voluntary Disclosure (2016, unknown): “…and Thevenot, 2015), disagreement among credit rating agencies (e.g., Bonsall and Miller, 2013), reductions in the extent to which prices impound information (e.g., You and Zhang, 2009; Lee, 2012; Callen et al., 2013), and increased idiosyncratic volatility (e.g., Loughran and McDonald, 2014).”
Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011, background): “The amount of disclosure is relatively easy to measure as it typically involves the length or the size of the file [Peterson, 2008; Li, 2008; Leuz and Schrand, 2009; You and Zhang, 2009; Miller, 2010; Lee, 2010; Merkley, 2011].”
Readability of 10‐K Reports and Stock Price Crash Risk (2019, unknown): “…(2015), Bushee et al. (2018), Callen et al. (2013), Guay et al. (2016), Laksmana et al. (2012), Lang and Stice-Lawrence (2015), Lawrence (2013), Lee (2012), Lehavy et al. (2011), Lo et al. (2017), Lundholm et al. (2014), Merkley (2014), Miller (2010), Nelson and Pritchard (2016), and Rogers et…”
Restoring the Tower of Babel: How Foreign Firms Communicate with U.S. Investors (2014, unknown): “Lee (2012) finds that less readable 10-”
The Evolution of 10-K Textual Disclosure: Evidence from Latent Dirichlet Allocation (2017, background): “…revelation hypothesis in Bloomfield (2002) in which statistics that are costly to extract are not fully incorporated into price, these attributes have been shown to decrease information impounded at the time of the filing and increase subsequent price drift ( Lee, 2012; You and Zhang, 2009 ).”
Annual report readability and corporate agency costs (2018, background): “For example, You and Zhang (2009), Miller (2010), Rennekamp (2012), Lee (2012) and Lawrence (2013) reveal that investors react more weakly to less readable disclosure announcements, indicating that readability may affect capital market efficiency.”