Relative to quantitative methods traditionally used in accounting and finance, textual
analysis is substantially less precise. Thus, understanding the art is of equal importance to …

This study examines the relationship between managerial pessimism and firms' investment
in corporate social responsibility (CSR). We find that managerial pessimism is positively …

In this study, we investigate the relation between the sentiment of online roadshow texts and
IPO first-day returns as well as post-IPO operating performancein China's stock market. Our …

Computer-aided text analyses have gained a lot of attention recently. Applied to different
types of business communication such as earnings announcements, analyst reports, or IPO …

The textual analysis approach also sometimes referred to as content analysis, computational
linguistics, information retrieval, natural language processing, etc., refers to the systematic …

Social Media has been a popular platform for individuals to share their opinions of financial
markets. Meanwhile, journalists and analysts contribute to news media to express their …

The right to ask questions and voice their opinions at annual general meetings (AGMs)
represents one of the few avenues for shareholders to communicate directly and publicly …

The uniqueness of projects presents trends linked to unexpected disruptions that threaten
progress and timely achievement. The recent declaration of complete or partial lockdown …

Many mutual funds have a name that suggests a specific investment style. We document that
a significant proportion of mutual funds have a name that does not match their investment …

Motivated by the increasing importance of passive investment, we first compare index funds
with actively managed funds and study the trading performance of index funds. Then we …