Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language

Keywords

Voluntary disclosure, Business, Turnover, Psychology, Actuarial science

References

• Text similarity in academic conference papersJianzhu Bao, James A. Malcolm — 2006
• Corporate Disclosure Policy and Analyst Behavior.Mark H. Lang, Russell J. Lundholm — 1996
• The Determinants of 10b-5 Litigation RiskC. L. Jones, Seth E. Weingram — 1996
• Detecting Short Passages of Similar Text in Large Document CollectionsCaroline Lyon, James A. Malcolm, Bob Dickerson — 2001
• Did the Private Securities Litigation Reform Act WorkMichael A. Perino — 2002
• To Warn or Not to Warn: Management Disclosures in the Face of an Earnings Surprise.Ron Kasznik, Baruch Lev — 1995
• Book Reviews: Foundations of Statistical Natural Language ProcessingChristopher D. Manning, Hinrich Schütze — 1999
• Disclosure level and the cost of equity capital.Christine A. Botosan — 1997
• Handbook of standards and resources for spoken language systemsDafydd Gibbon, Roger K. Moore, Richard Winski — 1997
• Louis Working Paper Series Beyond the Numbers : An Analysis of Optimistic and Pessimistic Language in Earnings Press ReleasesAngela K. Davis, Jeremy Piger, Lisa M. Sedor — 2006
• Review of Handbook of standards and resources for spoken language systems by Dafydd Gibbon, Roger Moore, and Richard Winski. Mouton de Gruyter 1997.Jan P. H. van Santen — 1998
• Expanded Disclosures and the Increased Usefulness of Earnings AnnouncementsJennifer Francis, Katherine Schipper, Linda Vincent — 2002
• Shareholder Wealth Effects of the Private Securities Litigation Reform Act of 1995Marilyn F. Johnson, Ron Kasznik, Karen K. Nelson — 2000
• Readability of Accounting and Auditing MessagesAdrian Barnett, K. Leoffler — 1979
• SHAREHOLDER LITIGATION AND CORPORATE DISCLOSURESJennifer Francis, Donna R. Philbrick, Katherine Schipper — 1994
• MD&A Quality as Measured by the SEC and Analysts' Earnings Forecasts*Orie E. Barron, Charles Owen Kile, Terrence B. O'Keefe — 1999
• Voluntary disclosure with a strategic opponentAlfred Wagenhofer — 1990
• The Effect of Legal Environment on Voluntary Disclosure: Evidence from Management Earnings Forecasts Issued in U.S. and Canadian MarketsStephen P. Baginski, John M. Hassell, Michael D. Kimbrough — 2002
• CROSS- SECTIONAL DETERMINANTS OF ANALYST RATINGS OF CORPORATE DISCLOSURESMark H. Lang, Russell J. Lundholm — 1993
• Do the Merits Matter More? The Impact of the Private Securities Litigation Reform ActMarilyn F. Johnson, Karen K. Nelson, Adam C. Pritchard — 2006

Cited by

• Summarization of Corporate Risk Factor Disclosure through Topic ModelingYang Bao, Anindya Datta — 2012
• Enhancing empirical accounting models with textual informationKhrystyna Bochkay — 2014
• The Complexity Of Qualitative Accounting Disclosures: Managers' Choicse And Investors' ReactionsKristina Rennekamp — 2012
• Building a Safe Harbor for Whom? A Look at Cautionary Disclaimers and Investors' Reactions to Forward-Looking StatementsH. Scott Asay, Jeffrey Hales — 2015
• The Effect of Quarterly Report Readability on Information Efficiency of Stock PricesYen‐Jung Lee — 2012
• La neutralidad de la información narrativa: Un estudio del informe de gestión de las empresas españolasÓscar Suárez Fernández — 2013
• Large-Sample Evidence on Firms’ Year-Over-Year MD&A ModificationsStephen Brown, Jenny Wu Tucker — 2011
• Management's Earnings Justification and Earnings Management under Different Institutional RegimesWalter Aerts, Cheng Peng, Ann Tarca — 2013
• Why do firms keep silent about upcoming earnings disappointmentsJihun Bae — 2013
• Textual Analysis of Corporate Disclosures: A Survey of the LiteratureFeng Li — 2011
• Firm Performance, Reporting Goals, and Language in Narrative DisclosuresKristina M. Rennekamp — 2016
• Strategically camouflaged corporate governance in IPOs: : Entrepreneurial masking and impression managementDavid Benson, James C. Brau, James Cicon — 2015
• Textual Analysis and International Financial Reporting: Large Sample EvidenceMark H. Lang, Lorien Stice‐Lawrence — 2015
• Information Content of Text in Chinese Audit Opinions *Ziye Zhao, Minhua Lin — 2015
• Compensation discussion and analysis (CD&A): Readability and management obfuscationIndrarini Laksmana, Wendy M. Tietz, Ya‐wen Yang — 2012
• Financial performance explanations and institutional settingWalter Aerts, Ann Tarca — 2010
• The composition of top management with general counsel and voluntary information disclosureByungjin Kwak, Byung T. Ro, Inho Suk — 2012
• Improving the relevance of risk factor disclosure in corporate annual reportsSanthosh Abraham, Philip Shrives — 2014
• Changes in earnings announcement tone and insider salesIsho Tama-Sweet — 2014
• The Effects of Reporting Complexity on Small and Large Investor TradingBrian P. Miller — 2010

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