Measuring Readability in Financial Disclosures

Defining and measuring readability in the context of financial disclosures becomes important with the increasing use of textual analysis and the Securities and Exchange Commission's plain English initiative. We propose defining readability as the effective communication of valuation-relevant in...

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Bibliographic Details
Published in:	The Journal of finance (New York) Vol. 69; no. 4; pp. 1643 - 1671
Main Authors:	LOUGHRAN, TIM, MCDONALD, BILL
Format:	Journal Article
Language:	English
Published:	Cambridge Blackwell Publishing Ltd 01.08.2014 Wiley Periodicals,Inc Wiley Blackwell Publishers Inc
Subjects:	Analytical forecasting Business structures Communication Contextual analysis Control variables Correlation Disclosure Earnings forecasting Englisch (Sprache) English language Exchange Financial disclosure Gunning Fog index Indexberechnung Indexes Informationswert Investors Lesbarkeitsindex Linear regression Measurement Measurement techniques Parsing Plain language Readability Studies Syllables Text analysis Textual analysis Unternehmenspublizität Valuation Vocabulary
ISSN:	0022-1082, 1540-6261
Online Access:	Get full text
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