Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A

By Angela K. Davis, Isho Tama-Sweet. 2011

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Citations in the corpus

Textual Sentiment in Finance: A Survey of Methods and Models (2014, background): “The work by Li (2006), Tetlock et al. (2008), Feldman et al. (2008), Li (2010), Davis and Tama-Sweet (2011), Demers and Vega (2011), Huang et al. (2011), Ferris et al. (2012), Garcia (2012), Price et al. (2012), Rees and Twedt (2012), Chen et al. (2013), and Huang et al. (2013) consistently shows…”
The spillover effects of MD&A disclosures for real investment: The role of industry competition (2019, background): “On one hand, when companies anticipate rivals' reactions, they can invest morewhen they operate in industries that have higher entry costs, are smaller, and have less substitutable products (De Bondt et al., 1992; De Bondt, 1996; Fr esard and Valta, 2016).”
Does concrete language in disclosures increase willingness to invest? (2014, unknown): “…including optimistic versus pessimistic tone (Henry 2008; Kothari et al. 2009; Feldman et al. 2010; Demers and Vega 2011; Davis et al. 2012, 2014; Davis and Tama-Sweet 2012), vividness (Hales et al. 2011), and readability (Li 2008; You and Zhang 2009; Miller 2010; Rennekamp 2012; Lawrence 2013;…”
The perceived credibility of forward-looking performance disclosures (2014, background): “These include Kothari et al. (2009), Feldman et al. (2010), Brown and Tucker (2011), Gruning (2011) and Davis and Tama-Sweet (2012).”
Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy (2017, background): “empirical evidence that examines the narrative disclosures of earnings announcements (Davis and Tama-Sweet 2012).”
Can Investors Detect Managers' Lack of Spontaneity? Adherence to Predetermined Scripts during Earnings Conference Calls (2016, unknown): “…who examines forward-looking statements in MD&A disclosures; and Tetlock, Saar-Tsechansky, and Macskassy (2008), Loughran and McDonald (2011), Davis and Tama-Sweet (2012), Rogers, Van Buskirk, and Zechman (2011), Davis, Piger, and Sedor (2012), and Blau, DeLisle, and Price (2012), who…”
The Effect of Managerial "Style" on the Tone of Earnings Conference Calls ∗ (2012, background): “…earnings press releases (Davis et al. 2012; Demers and Vega 2011), conference calls (Frankel et al. 2009; Price et al. 2012), and MD&A disclosures (Davis and Tama-Sweet 2012).1 The findings from these studies generally indicate that the tone of these disclosures is related to both current and…”
The Use of Word Lists in Textual Analysis (2015, unknown): “To compare use of language in earnings press releases and Management’s Discussion and Analysis (MD&A) in 10-K and 10-Q filings, Davis and Tama-Sweet [2012] utilize the Diction and LM word lists. Finally, Demers and Vega [2014], to gauge earnings announcements tone, use Diction, Harvard’s GI, LM, and”
Managers Set the Tone: Equity Incentives and the Tone of Earnings Press Releases (2016, unknown): “Similarly, Davis and Tama-Sweet (2012) argue that managers act strategically in choosing the narrative outlets to describe firm performance, e.g., Management, Discussion & Analysis (MD&A) vs. earnings press releases. They show that, because investors react more strongly to the information disclosed ”