The impact of narrative disclosure readability on bond ratings and the cost of debt

By Samuel B. Bonsall, Brian P. Miller. Review of accounting studies, 2017

415 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9f29a6dcc4a7a601440bdc2e5508cebdc5d19fc0

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Citations in the corpus

Informational Content and Assurance of Textual Disclosures: Evidence on Integrated Reporting (2019, neutral): “© 2019 European Accounting Association 56 A. Caglio et al. investors (Lawrence, 2013), sell-side equity analysts (Bozanic & Thevenot, 2015; Lehavy, Li, & Merkley, 2011) and rating agencies (Bonsall & Miller, 2017).”
Readability of 10‐K Reports and Stock Price Crash Risk (2019, neutral): “…business, 8 Other studies that use the Fog Index to measure readability include those of Allee and DeAngelis (2015), Biddle et al. (2009), Bonsall and Miller (2017), Bozanic and Thevenot (2015), Bushee et al. (2018), Callen et al. (2013), Guay et al. (2016), Laksmana et al. (2012), Lang…”
Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls (2019, background): “(2014), Henry and Leone (2016), Bonsall and Miller (2017), and Dyer, Lang, and Stice-Lawrence (2017).”
Why is Corporate Virtue in the Eye of The Beholder? The Case of ESG Ratings (2021, background): “Morgan (2002) finds that credit ratings agencies disagree more often over firms that are more opaque than other firms, and Bonsall and Miller (2017) find that firms with more readable disclosures are less likely to have split credit ratings.”
Readability of Narrative Disclosures in 10-K Reports: Does Managerial Ability Matter? (2018, neutral): “The mean (median) FILESIZE is 0.295 (0.248) megabytes, which is similar to that of prior studies (Bonsall & Miller, 2017; Loughran & McDonald, 2014).”