The Primacy of Numbers in Financial and Accounting Disclosures: Implications for Textual Analysis Research
The Primacy of Numbers in Financial and Accounting Disclosures: Implications for Textual Analysis Research
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财务和会计披露中数字的首要地位：对文本分析研究的启示
DOI：
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发表时间：
2018
期刊：
影响因子：
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通讯作者：
Peter D. Wysocki
中科院分区：
文献类型：
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作者：
Federico Siano;Peter D. Wysocki
数字是财务和会计披露的核心，但目前的文本分析研究通常忽略了披露中的数字。我们假设并表明，在公司披露的数字的流行程度是高度相关的披露的可读性。更重要的是，我们表明，披露可读性和各种经济结果之间的联系的先前的研究结果解释的披露内的数字的流行。我们讨论了过去和未来的研究，试图分析财务和会计披露的决定因素，属性和结果的影响。
Numbers are central to financial and accounting disclosures, yet current textual analysis research generally ignores numbers within disclosures. We hypothesize and show that the prevalence of numbers within a corporate disclosure is highly correlated with the readability of the disclosure. More importantly, we show that prior findings on the links between disclosure readability and various economic outcomes are explained by the prevalence of numbers within the disclosures. We discuss implications for past and future research that attempts to analyze the determinants, attributes and outcomes of financial and accounting disclosures.