LEADER 05173nam 22007095 450 001 9910978383803321 005 20250208115224.0 010 $a9783031791567 010 $a3031791568 024 7 $a10.1007/978-3-031-79156-7 035 $a(MiAaPQ)EBC31900187 035 $a(Au-PeEL)EBL31900187 035 $a(CKB)37491513500041 035 $a(OCoLC)1499719697 035 $a(DE-He213)978-3-031-79156-7 035 $a(EXLCZ)9937491513500041 100 $a20250208d2024 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aValue Relevance Of Textual Characteristics $eEvidence from Annual Reports of U.S. Listed Firms /$fby Olga Bogachek, Francesco Grossetti 205 $a1st ed. 2024. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2024. 215 $a1 online resource (163 pages) 225 1 $aSIDREA Series in Accounting and Business Administration,$x2662-9887 311 08$a9783031791550 311 08$a303179155X 327 $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. 330 $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. . 410 0$aSIDREA Series in Accounting and Business Administration,$x2662-9887 606 $aAccounting 606 $aCapital market 606 $aFinancial statements 606 $aApplied linguistics 606 $aFinancial services industry 606 $aFinancial Accounting 606 $aCapital Markets 606 $aFinancial Reporting 606 $aApplied Linguistics 606 $aFinancial Services 615 0$aAccounting. 615 0$aCapital market. 615 0$aFinancial statements. 615 0$aApplied linguistics. 615 0$aFinancial services industry. 615 14$aFinancial Accounting. 615 24$aCapital Markets. 615 24$aFinancial Reporting. 615 24$aApplied Linguistics. 615 24$aFinancial Services. 676 $a657 700 $aBogachek$b Olga$01788563 701 $aGrossetti$b Francesco$01788564 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910978383803321 996 $aValue Relevance of Textual Characteristics$94323591 997 $aUNINA