This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

We survey the textual sentiment literature, comparing and contrasting the various
information sources, content analysis methods, and empirical models that have been used …

This paper investigates whether retail investor attention promotes or inhibits corporate green
innovation. Using Chinese nonfinancial public listed firms from 2011 to 2020, we find that …

Natural language is a key form of business communication. Textual analysis is the
application of natural language processing (NLP) to textual data for automated information …

We examine the impact of government economic policy uncertainty (GEPU) on corporate
innovation and identify a cost-of-capital transmission channel. We find that GEPU increases …

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 …

With increasing stakeholders' demand for information on corporate social responsibility
(CSR) performance and a growing number of firms issuing standalone CSR reports, this …

Abstract The International Integrated Reporting Council's Framework identifies two goals for
integrated reporting: improved information for outside providers of financial capital and …

We explore how the readability of annual reports varies with earnings management. Using
the Fog Index to measure readability (Li, 2008), and focusing on the management …

Prior research on the determinants of credit ratings has focused on rating agencies' use of
quantitative accounting information, but the there is scant evidence on the impact of textual …