Discussion of “Annual report readability, current earnings, and earnings persistence”

By Robert J. Bloomfield. 2008

377 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8db17d0504d7cb7a38b5f7fe17d5b7cd969b4cfc

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Citations in the corpus

Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011, background): “The alternative hypothesis is that these disclosures are boilerplate generic disclosures and not informative [SEC, 2003; Bloomfield, 2008].”
Readability of 10‐K Reports and Stock Price Crash Risk (2019, positive): “10 details about the economic complexity of firms’ business transactions and operating strategies (e.g., Bloomfield 2008; Bushee et al. 2018).”
Guiding Through the Fog: Financial Statement Complexity and Voluntary Disclosure (2016, positive): “Antecedent work that makes this point includes Bloomfield (2008) and Bushee et al. (2015).”
The Effects of Reporting Complexity on Small and Large Investor Trading (2010, neutral): “Bloomfield 2008 provides an excellent review of the potential theories why managers may alter their reporting in certain settings.”
How does readability influence investors' judgments? Consistency of benchmark performance matters (2015, background): “Prior studies (Bloomfield 2008; Li 2008) and regulators (SEC 1998) imply that high readability can improve investors’ understanding of management disclosures, but there has been no evidence of such benefits.”
Measuring Readability in Financial Disclosures (2013, positive): “Bloomfield (2008) notes that there are potentially many explanations for why firms might produce longer and more complex documents.”
Readability of Narrative Disclosures in 10-K Reports: Does Managerial Ability Matter? (2018, positive): “This evidence is also supported by Bloomfield (2008), who argues that poorly performing firms need to write more text with longer sentences to explain their situation fully to investors.”
Shareholder Litigation and Corporate Disclosure: Evidence from Derivative Lawsuits (2017, methodology): “[2014b], Boone and White [2015], Seo [2016], Schoenfeld [2017]).”
Disclosure Tone and Shareholder Litigation (2011, background): “We also acknowledge the potential that environmental factors contribute to a firm’s disclosure choices and can also lead to a greater risk of litigation (see, for example, Bloomfield [2008] for a discussion of this ontological explanation).”
Processing Fluency and Investors’ Reactions to Disclosure Readability (2012, positive): “Bloomfield (2008) provides a lengthy list of reasons why disclosure readability may be associated with financial performance; each provides a potential explanation for investor behavior.”
Complexity of financial reporting standards and accounting expertise (2019, neutral): “For instance, Bloomfield (2008) provides an alternative explanation for the findings in Li (2008) that firms with lower earnings quality have less readable reports: losses and transitory income are more difficult to communicate.”