Value Relevance Of Textual Characteristics
Value Relevance Of Textual Characteristics: Evidence from Annual Reports of U.S. Listed Firms
English | 2025 | ISBN: 303179155X | 205 Pages | PDF EPUB (True) | 3.5 MB
English | 2025 | ISBN: 303179155X | 205 Pages | PDF EPUB (True) | 3.5 MB
This book explores the evolution of value relevance in finance and accounting. While synthesizing existing literature to provide a robust theoretical framework, it also extends the discourse by incorporating textual characteristics into the traditional model of value relevance. The authors integrate two pivotal but often disparate research domains: value relevance and linguistic analysis in accounting disclosures. This inclusion enriches our understanding of how qualitative factors, such as tone and readability in corporate disclosures, interact with quantitative measures to influence market behavior and investor decision-making. The result is a nuanced, multi-dimensional analysis that not only bridges gaps in current academic research but also offers new avenues for practical application.