04901nam a22005175i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001600153072001700169072002300186072001600209100007700225245016500302250001800467264006900485300005400554336002600608337002600634338003600660347002400696490007200720505024400792520273701036650001603773650002003789650002603809650002503835650003303860650002603893650002103919650002503940650002503965650002403990700008304014710003404097773002604131776003604157776003604193776003604229830007204265856004604337978-3-031-79156-7DE-He21320251030114940.0cr nn 008mamaa250208s2024    sz |    s    |||| 0|eng d  a97830317915677 a10.1007/978-3-031-79156-72doi 4aHF5601-5688 7aKFCF2bicssc 7aBUS0010102bisacsh 7aKFCF2thema1 aBogachek, Olga.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut10aValue Relevance Of Textual Characteristicsh[electronic resource] :bEvidence from Annual Reports of U.S. Listed Firms /cby Olga Bogachek, Francesco Grossetti.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Springer,c2024.  aXIII, 111 p. 3 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda1 aSIDREA Series in Accounting and Business Administration,x2662-98870 aIntroduction -- Theoretical Framework of Value Relevance -- Disclosure Theories -- Textual Analysis -- Measures in Finance and Accounting -- The Value Relevance of Textual Analysis -- Empirical Analysis of the Annual Reports -- Conclusion.  aThis book explores the evolution of value relevance in finance and accounting. While synthesizing existing literature to provide a robust theoretical framework, it also extends the discourse by incorporating textual characteristics into the traditional model of value relevance. The authors integrate two pivotal but often disparate research domains: value relevance and linguistic analysis in accounting disclosures. This inclusion enriches our understanding of how qualitative factors, such as tone and readability in corporate disclosures, interact with quantitative measures to influence market behavior and investor decision-making. The result is a nuanced, multi-dimensional analysis that not only bridges gaps in current academic research but also offers new avenues for practical application. The book starts by laying the groundwork for the concept of value relevance, discussing its evolution in the academic literature, theoretical models, their assumptions, and limitations. It then turns the spotlight onto corporate disclosure theories, thereby illuminating the strategies and psychological factors that influence how companies report their financials and accompanying narrative discussions. The authors demonstrate how the information is strategically disclosed and received, adding another layer of complexity to the concept of value relevance. The novel contribution of this manuscript comes from the methodological approach, incorporating textual analysis techniques into a widely-accepted Ohlson value relevance model. The authors empirically integrate textual elements like tone and readability and demonstrate how they can play a significant role in how investors perceive a company. The empirical section of the book provides robust evidence to support the central thesis—that qualitative elements in financial disclosures are not merely supplementary but are indeed value-relevant. This enhances the book's applicability across both academic and practical settings. In conclusion, this book serves as a comprehensive guide for those interested in the complexities of value relevance as well as the dynamics of financial disclosures. It offers valuable insights that are both theoretically robust and empirically validated, making it a useful resource for academics, practitioners, and regulators. It enriches the academic discourse by offering new pathways for research and practical application in a world where financial information is increasingly digitized. The target audience for this book includes academics in the fields of accounting and finance, as well as practitioners and regulators who are keen on understanding the evolving dynamics of how financial information impacts the capital markets. . 0aAccounting. 0aCapital market. 0aFinancial statements. 0aApplied linguistics. 0aFinancial services industry.14aFinancial Accounting.24aCapital Markets.24aFinancial Reporting.24aApplied Linguistics.24aFinancial Services.1 aGrossetti, Francesco.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303179155008iPrinted edition:z978303179157408iPrinted edition:z9783031791581 0aSIDREA Series in Accounting and Business Administration,x2662-988740uhttps://doi.org/10.1007/978-3-031-79156-7