메뉴 건너뛰기




Volumn 40, Issue 4, 2010, Pages 371-390

Bias in the tone of forward-looking narratives

Author keywords

Bias; Content analysis; Forward looking; Impression management; Narratives; Tone

Indexed keywords


EID: 79959747726     PISSN: 00014788     EISSN: 21594260     Source Type: Journal    
DOI: 10.1080/00014788.2010.9995318     Document Type: Article
Times cited : (134)

References (56)
  • 1
    • 0004160131 scopus 로고
    • ASB, London: The Accounting Standards Board
    • ASB (1993). Operating and Financial Review. London: The Accounting Standards Board.
    • (1993) Operating and Financial Review
  • 4
    • 84948877610 scopus 로고
    • The use and abuse of graphs in annual reports: A theoretical framework and empirical study
    • Beattie, V.A. and Jones, M.J. (1992). 'The use and abuse of graphs in annual reports: a theoretical framework and empirical study'. Accounting and Business Research, 22: 297-305.
    • (1992) Accounting and Business Research , vol.22 , pp. 297-305
    • Beattie, V.A.1    Jones, M.J.2
  • 5
    • 0001323240 scopus 로고
    • Attributions in the board room: Causal reasoning in corporate annual reports
    • Juen
    • Bettman, J.R. and Weitz, B.A. (1983). 'Attributions in the board room: causal reasoning in corporate annual reports'. Administrative Science Quarterly, June: 165-183.
    • (1983) Administrative Science Quarterly , pp. 165-183
    • Bettman, J.R.1    Weitz, B.A.2
  • 6
    • 0346448586 scopus 로고    scopus 로고
    • Voluntary disclosure of profit forecasts by target companies in takeover bids
    • Brennan, N. (1999). 'Voluntary disclosure of profit forecasts by target companies in takeover bids'. Journal of Business Finance and Accounting, 26: 883-917.
    • (1999) Journal of Business Finance and Accounting , vol.26 , pp. 883-917
    • Brennan, N.1
  • 8
    • 0031287879 scopus 로고    scopus 로고
    • Incremental information content of required disclosures contained in management discussion and analysis
    • Bryan, S. (1997). 'Incremental information content of required disclosures contained in management discussion and analysis'. Accounting Review, 72: 285-301. (Pubitemid 127171889)
    • (1997) Accounting Review , vol.72 , Issue.2 , pp. 285-301
    • Bryan, S.H.1
  • 10
    • 0345821654 scopus 로고    scopus 로고
    • Evidence that management discussion and analysis (MD&A) is a part of a firm's overall disclosure package
    • Clarkson, P.M., Kao, J.L. and Richardson, G.D. (1999). 'Evidence that management discussion and analysis (MD&A) is a part of a firm's overall disclosure package'. Contemporary Accounting Research, 16: 111-134.
    • (1999) Contemporary Accounting Research , vol.16 , pp. 111-134
    • Clarkson, P.M.1    Kao, J.L.2    Richardson, G.D.3
  • 11
    • 84986097762 scopus 로고    scopus 로고
    • The effect of thematic structure on the variability of annual report readability
    • Clatworthy, M.A. and Jones, M.J. (2001). 'The effect of thematic structure on the variability of annual report readability'. Accounting, Auditing and Accountability Journal, 14(3): 311-326.
    • (2001) Accounting Auditing and Accountability Journal , vol.14 , Issue.3 , pp. 311-326
    • Clatworthy, M.A.1    Jones, M.J.2
  • 12
    • 16844374493 scopus 로고    scopus 로고
    • Financial reporting of good news and bad news: Evidence from accounting narratives
    • Clatworthy, M. and Jones, M.J. (2003). 'Financial reporting of good news and bad news: evidence from accounting narratives'. Accounting and Business Research, 33: 171-185.
    • (2003) Accounting and Business Research , vol.33 , pp. 171-185
    • Clatworthy, M.1    Jones, M.J.2
  • 13
    • 23744434792 scopus 로고    scopus 로고
    • Corporate report obfuscation: Artefact or phenomenon?
    • Courtis, J.A. (2004). 'Corporate report obfuscation: artefact or phenomenon?'. British Accounting Review, 36: 291-312.
    • (2004) British Accounting Review , vol.36 , pp. 291-312
    • Courtis, J.A.1
  • 14
    • 0000272926 scopus 로고
    • Disclosure of non-proprietary information
    • Dye, R.A. (1985). 'Disclosure of non-proprietary information'. Journal of Accounting Research, 23: 123-145.
    • (1985) Journal of Accounting Research , vol.23 , pp. 123-145
    • Dye, R.A.1
  • 16
    • 0000465144 scopus 로고
    • The informational role of warranties and private disclosure about product quality
    • Grossman, S.J. (1981). 'The informational role of warranties and private disclosure about product quality'. Journal of Law and Economics, 24: 461-483.
    • (1981) Journal of Law and Economics , vol.24 , pp. 461-483
    • Grossman, S.J.1
  • 18
    • 51049103207 scopus 로고    scopus 로고
    • Are investors influenced by how earnings press releases are written?
    • Henry, E. (2008). 'Are investors influenced by how earnings press releases are written?'. Journal of Business Communication, 45: 363-407.
    • (2008) Journal of Business Communication , vol.45 , pp. 363-407
    • Henry, E.1
  • 19
    • 0001033261 scopus 로고
    • Robust regression: Asymptotics, conjectures, and Monte Carlo
    • Huber, P.J. (1973). 'Robust regression: asymptotics, conjectures, and Monte Carlo'. Annals of Statistics, 1: 799-821.
    • (1973) Annals of Statistics , vol.1 , pp. 799-821
    • Huber, P.J.1
  • 21
    • 13644274597 scopus 로고    scopus 로고
    • Undertaking large-scale disclosure studies when AIMRFAF ratings are not available: The case of prices leading earnings
    • Hussainey, K., Schleicher, T. and Walker, M. (2003). 'Undertaking large-scale disclosure studies when AIMRFAF ratings are not available: the case of prices leading earnings'. Accounting and Business Research, 33: 275-294.
    • (2003) Accounting and Business Research , vol.33 , pp. 275-294
    • Hussainey, K.1    Schleicher, T.2    Walker, M.3
  • 22
    • 0346267870 scopus 로고    scopus 로고
    • The Role of Supplementary Statements with Management Earnings Forecasts
    • DOI 10.1046/j.1475-679X.2003.00126.x
    • Hutton, A., Miller, G.S. and Skinner, D.J. (2003). 'The role of supplementary statements with management earnings forecasts'. Journal of Accounting Research, 41: 867-890. (Pubitemid 37527943)
    • (2003) Journal of Accounting Research , vol.41 , Issue.5 , pp. 867-890
    • Hutton, A.P.1    Miller, G.S.2    Skinner, D.J.3
  • 23
    • 0043017572 scopus 로고    scopus 로고
    • The accuracy of earnings forecasts in IPO prospectuses on the Kuala Lumpur stock exchange
    • Jelic, R., Saadouni, B. and Briston, R. (1998). 'The accuracy of earnings forecasts in IPO prospectuses on the Kuala Lumpur stock exchange'. Accounting and Business Research, 29: 57-72.
    • (1998) Accounting and Business Research , vol.29 , pp. 57-72
    • Jelic, R.1    Saadouni, B.2    Briston, R.3
  • 24
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behaviour, agency costs and ownership structure
    • Jensen, M.C. and Meckling, W.H. (1976). 'Theory of the firm: managerial behaviour, agency costs and ownership structure'. Journal of Financial Economics, 3: 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 26
    • 0001115789 scopus 로고
    • Disclosure when the market is unsure of information endowment of managers
    • Jung, W. and Kwon, Y.K. (1988). 'Disclosure when the market is unsure of information endowment of managers'. Journal of Accounting Research, 26: 146-153.
    • (1988) Journal of Accounting Research , vol.26 , pp. 146-153
    • Jung, W.1    Kwon, Y.K.2
  • 27
    • 0000261213 scopus 로고
    • To warn or not to warn: Management disclosures in the face of an earnings surprise
    • Kasznik, R. and Lev, B. (1995). 'To warn or not to warn: management disclosures in the face of an earnings surprise'. Accounting Review, 70: 113-134.
    • (1995) Accounting Review , vol.70 , pp. 113-134
    • Kasznik, R.1    Lev, B.2
  • 29
    • 0030305317 scopus 로고    scopus 로고
    • Corporate disclosure policy and analyst behavior
    • Lang, M. and Lundholm, R. (1996). 'Corporate disclosure policy and analyst behavior'. Accounting Review, 71: 467-492.
    • (1996) Accounting Review , Issue.71 , pp. 467-492
    • Lang, M.1    Lundholm, R.2
  • 30
    • 0001464179 scopus 로고    scopus 로고
    • Voluntary disclosure and equity offerings: Reducing information asymmetry or hyping the stock?
    • Lang, M. and Lundholm, R. (2000). 'Voluntary disclosure and equity offerings: reducing information asymmetry or hyping the stock?'. Contemporary Accounting Research, 17: 623-662.
    • (2000) Contemporary Accounting Research , vol.17 , pp. 623-662
    • Lang, M.1    Lundholm, R.2
  • 31
    • 0035598330 scopus 로고    scopus 로고
    • The effect of missing a quarterly earnings benchmark on the CEO's annual bonus
    • Matsunaga, S. and Park, C. (2001). 'The effect of missing a quarterly earnings benchmark on the CEO's annual bonus'. Accounting Review, 76: 313-332.
    • (2001) Accounting Review , vol.76 , pp. 313-332
    • Matsunaga, S.1    Park, C.2
  • 32
    • 0035995637 scopus 로고    scopus 로고
    • Management's incentives to avoid negative earnings surprises
    • Matsumoto, D. (2002). 'Management's incentives to avoid negative earnings surprises'. Accounting Review, 77: 483-514.
    • (2002) Accounting Review , vol.77 , pp. 483-514
    • Matsumoto, D.1
  • 33
    • 0010180618 scopus 로고    scopus 로고
    • Bias and accuracy of management earnings forecasts: An evaluation of the impact of auditing
    • McConomy, B.J. (1998). 'Bias and accuracy of management earnings forecasts: an evaluation of the impact of auditing'. Contemporary Accounting Research, 15: 167-195.
    • (1998) Contemporary Accounting Research , vol.15 , pp. 167-195
    • McConomy, B.J.1
  • 34
    • 0002586234 scopus 로고
    • Evidence of information asymmetries from management earnings forecasts and stock return
    • McNichols, M. (1989). 'Evidence of information asymmetries from management earnings forecasts and stock return'. Accounting Review, 64: 1-27.
    • (1989) Accounting Review , vol.64 , pp. 1-27
    • McNichols, M.1
  • 35
    • 68349102568 scopus 로고    scopus 로고
    • Discretionary disclosure strategies in corporate narratives: Incremental information or impression management?
    • Merkl-Davies, D.M. and Brennan, N.M. (2007). 'Discretionary disclosure strategies in corporate narratives: incremental information or impression management?'. Journal of Accounting Literature, 26: 116-194.
    • (2007) Journal of Accounting Literature , vol.26 , pp. 116-194
    • Merkl-Davies, D.M.1    Brennan, N.M.2
  • 36
    • 0000513419 scopus 로고
    • Good news and bad news: Representation theorems and applications
    • Milgrom, P.R. (1981). 'Good news and bad news: representation theorems and applications'. Bell Journal of Economics and Management Science, 12: 380-391.
    • (1981) Bell Journal of Economics and Management Science , vol.12 , pp. 380-391
    • Milgrom, P.R.1
  • 37
    • 0036004080 scopus 로고    scopus 로고
    • Earnings performance and discretionary disclosure
    • Miller, G.S. (2002). 'Earnings performance and discretionary disclosure'. Journal of Accounting Research, 40: 173-204.
    • (2002) Journal of Accounting Research , vol.40 , pp. 173-204
    • Miller, G.S.1
  • 38
    • 84986059245 scopus 로고    scopus 로고
    • Exploring the reliability of social and environmental disclosures content analysis
    • Milne, M.J. and Adler, R.A. (1999). 'Exploring the reliability of social and environmental disclosures content analysis'. Accounting, Auditing & Accountability Journal, 12: 237-256.
    • (1999) Accounting, Auditing & Accountability Journal , vol.12 , pp. 237-256
    • Milne, M.J.1    Adler, R.A.2
  • 40
    • 84928441906 scopus 로고
    • Corporate performance and CEO turnover: The role of performance expectations
    • Puffer, S. and Weintrop, J. (1991). 'Corporate performance and CEO turnover: the role of performance expectations'. Administrative Science Quarterly, 36: 1-19.
    • (1991) Administrative Science Quarterly , vol.36 , pp. 1-19
    • Puffer, S.1    Weintrop, J.2
  • 41
    • 11244287728 scopus 로고    scopus 로고
    • The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives
    • DOI 10.1506/KHNW-PJYL-ADUB-0RP6
    • Richardson, S., Teoh, S. and Wysocki, P. (2004). 'The walkdown of beatable analyst forecasts: the roles of equity issuance and insider trading incentives'. Contemporary Accounting Research, 21(4): 885-924. (Pubitemid 40058162)
    • (2004) Contemporary Accounting Research , vol.21 , Issue.4 , pp. 885-924
    • Richardson, S.1    Teoh, S.H.2    Wysocki, P.D.3
  • 42
    • 27844536188 scopus 로고    scopus 로고
    • Credibility of management forecasts
    • Rogers, J.L. and Stocken, P.C. (2005). 'Credibility of management forecasts'. Accounting Review, 80: 1233-1260. (Pubitemid 41650942)
    • (2005) Accounting Review , vol.80 , Issue.4 , pp. 1233-1260
    • Rogers, J.L.1    Stocken, P.C.2
  • 43
    • 33748458326 scopus 로고    scopus 로고
    • Earnings management through real activities manipulation
    • DOI 10.1016/j.jacceco.2006.01.002, PII S0165410106000401
    • Roychowdhury, S. (2006). 'Earnings management through real activities manipulation'. Journal of Accounting and Economics, 42: 335-370. (Pubitemid 44350041)
    • (2006) Journal of Accounting and Economics , vol.42 , Issue.3 , pp. 335-370
    • Roychowdhury, S.1
  • 44
    • 33845516357 scopus 로고    scopus 로고
    • Genre analysis of corporate annual report narratives: A corpus linguistics based approach
    • Rutherford, B.A. (2005). 'Genre analysis of corporate annual report narratives: a corpus linguistics based approach'. Journal of Business Communication, 42: 324-348.
    • (2005) Journal of Business Communication , vol.42 , pp. 324-348
    • Rutherford, B.A.1
  • 45
    • 34249997496 scopus 로고    scopus 로고
    • Loss firms' annual report narratives and share price anticipation of earnings
    • Schleicher, T., Hussainey, K. and Walker, M. (2007). 'Loss firms' annual report narratives and share price anticipation of earnings'. British Accounting Review, 39: 153-171.
    • (2007) British Accounting Review , vol.39 , pp. 153-171
    • Schleicher, T.1    Hussainey, K.2    Walker, M.3
  • 46
    • 4344629731 scopus 로고    scopus 로고
    • Share price anticipation of earnings and management's discussion of operations and financing
    • Schleicher, T. and Walker, M. (1999). 'Share price anticipation of earnings and management's discussion of operations and financing'. Accounting and Business Research, 29: 321-335.
    • (1999) Accounting and Business Research , vol.29 , pp. 321-335
    • Schleicher, T.1    Walker, M.2
  • 47
    • 0034336773 scopus 로고    scopus 로고
    • Strategic benchmarks in earnings announcements: The selective disclosure of prior-period earnings components
    • Schrand, C. and Walther, B.R. (2000). 'Strategic benchmarks in earnings announcements: the selective disclosure of prior-period earnings components'. Accounting Review, 75: 151-177.
    • (2000) Accounting Review , vol.75 , pp. 151-177
    • Schrand, C.1    Walther, B.R.2
  • 48
    • 21344476154 scopus 로고
    • Why firms voluntarily disclose bad news
    • Skinner, D.J. (1994). 'Why firms voluntarily disclose bad news'. Journal of Accounting Research, 32: 38-60.
    • (1994) Journal of Accounting Research , vol.32 , pp. 38-60
    • Skinner, D.J.1
  • 49
    • 84986078063 scopus 로고    scopus 로고
    • The chairman's statement: A content analysis of discretionary narrative disclosures
    • Smith, M. and Taffler, R. (2000). 'The chairman's statement: a content analysis of discretionary narrative disclosures'. Accounting Auditing & Accountability Journal, 13: 624-646.
    • (2000) Accounting Auditing & Accountability Journal , vol.13 , pp. 624-646
    • Smith, M.1    Taffler, R.2
  • 50
    • 0000648516 scopus 로고    scopus 로고
    • Managerial disclosures and shareholder litigation
    • Trueman, B. (1997). 'Managerial disclosures and shareholder litigation'. Review of Accounting Studies, 1: 181-199.
    • (1997) Review of Accounting Studies , vol.1 , pp. 181-199
    • Trueman, B.1
  • 53
    • 34748846169 scopus 로고    scopus 로고
    • The determinants of voluntary disclosure of adjusted earnings per share measures by UK quoted companies
    • Walker, M. and Louvari, E. (2003). 'The determinants of voluntary disclosure of adjusted earnings per share measures by UK quoted companies'. Accounting and Business Research, 33: 295-309.
    • (2003) Accounting and Business Research , vol.33 , pp. 295-309
    • Walker, M.1    Louvari, E.2
  • 55
    • 0001742386 scopus 로고
    • High breakdown point and high efficiency robust estimates for regression
    • Yohai, V.J. (1987). 'High breakdown point and high efficiency robust estimates for regression'. Annals of Statistics, 15: 642-656.
    • (1987) Annals of Statistics , vol.15 , pp. 642-656
    • Yohai, V.J.1
  • 56
    • 0141783680 scopus 로고    scopus 로고
    • Communicative action and corporate annual reports
    • DOI 10.1023/A:1021314626311
    • Yuthas, K., Rogers, R. and Dillard, J.F. (2002). 'Communicative action and corporate annual reports'. Journal of Business Ethics, 41: 141-157. (Pubitemid 37133943)
    • (2002) Journal of Business Ethics , vol.41 , Issue.1-2 , pp. 141-157
    • Yuthas, K.1    Rogers, R.2    Dillard, J.F.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.