TY - CHAP
T1 - Measuring the tone of accounting and financial narrative
AU - Henry, Elaine
AU - Leone, Andrew J.
N1 - Publisher Copyright:
© 2014 by IGI Global. All rights reserved.
PY - 2014/1/31
Y1 - 2014/1/31
N2 - Research in accounting and finance has measured the tone of financial narrative using word frequency counts based mainly on four different wordlists: 1) a wordlist developed in Henry's (2006, 2008) analysis of earnings announcements (Henry Wordlist); 2) a wordlist developed in Loughran and McDonald's (2011) analysis of 10-K filings (LM Wordlist); 3) a wordlist from DICTION (DICTION Wordlist) software developed by Roderick Hart; and 4) a wordlist from the General Inquirer program (GI Wordlist) developed by social psychologist Philip Stone. This chapter examines alternative measures of the tone of narrative in earnings press releases based on these word lists, explores the statistical relations among the alternative measures, and tests whether those relations vary depending on aspects of the earnings news being announced and other factors.
AB - Research in accounting and finance has measured the tone of financial narrative using word frequency counts based mainly on four different wordlists: 1) a wordlist developed in Henry's (2006, 2008) analysis of earnings announcements (Henry Wordlist); 2) a wordlist developed in Loughran and McDonald's (2011) analysis of 10-K filings (LM Wordlist); 3) a wordlist from DICTION (DICTION Wordlist) software developed by Roderick Hart; and 4) a wordlist from the General Inquirer program (GI Wordlist) developed by social psychologist Philip Stone. This chapter examines alternative measures of the tone of narrative in earnings press releases based on these word lists, explores the statistical relations among the alternative measures, and tests whether those relations vary depending on aspects of the earnings news being announced and other factors.
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U2 - 10.4018/978-1-4666-4999-6.ch003
DO - 10.4018/978-1-4666-4999-6.ch003
M3 - Chapter
AN - SCOPUS:84945981754
SN - 1466649992
SN - 9781466649996
SP - 36
EP - 47
BT - Communication and Language Analysis in the Corporate World
ER -