Disclosure Tone and Shareholder Litigation

We examine the relation between disclosure tone and shareholder litigation to determine whether managers' use of optimistic language increases litigation risk. Using both general-purpose and context-specific text dictionaries to quantify tone, we find that plaintiffs target more optimistic stat...

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Veröffentlicht in:	The Accounting review 2011-11, Vol.86 (6), p.2155-2183
Hauptverfasser:	Rogers, Jonathan L., Van Buskirk, Andrew, Zechman, Sarah L. C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Class action lawsuits Communication Corporate finance Dictionaries Disclosure Earnings Earnings announcements Earnings forecasting Financial management Financial reporting Insider trading Lawsuits Litigation Optimism Plaintiffs Risk Sales growth Shareholder derivative suits Shareholders Stockholders Studies U.S.A Western Europe
Online-Zugang:	Volltext
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