Measuring the tone of accounting and financial narrative

Elaine Henry, Andrew Leone

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)

Abstract

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.

Original languageEnglish (US)
Title of host publicationCommunication and Language Analysis in the Corporate World
PublisherIGI Global
Pages36-47
Number of pages12
ISBN (Print)9781466650008, 1466649992, 9781466649996
DOIs
StatePublished - Jan 31 2014

Fingerprint

Factors
McDonald's
Finance
Earnings announcements
Software
News
Press releases

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

Cite this

Henry, E., & Leone, A. (2014). Measuring the tone of accounting and financial narrative. In Communication and Language Analysis in the Corporate World (pp. 36-47). IGI Global. https://doi.org/10.4018/978-1-4666-4999-6.ch003

Measuring the tone of accounting and financial narrative. / Henry, Elaine; Leone, Andrew.

Communication and Language Analysis in the Corporate World. IGI Global, 2014. p. 36-47.

Research output: Chapter in Book/Report/Conference proceedingChapter

Henry, E & Leone, A 2014, Measuring the tone of accounting and financial narrative. in Communication and Language Analysis in the Corporate World. IGI Global, pp. 36-47. https://doi.org/10.4018/978-1-4666-4999-6.ch003
Henry E, Leone A. Measuring the tone of accounting and financial narrative. In Communication and Language Analysis in the Corporate World. IGI Global. 2014. p. 36-47 https://doi.org/10.4018/978-1-4666-4999-6.ch003
Henry, Elaine ; Leone, Andrew. / Measuring the tone of accounting and financial narrative. Communication and Language Analysis in the Corporate World. IGI Global, 2014. pp. 36-47
@inbook{92a3daa599e24de09bf2eca9ec17a1a3,
title = "Measuring the tone of accounting and financial narrative",
abstract = "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.",
author = "Elaine Henry and Andrew Leone",
year = "2014",
month = "1",
day = "31",
doi = "10.4018/978-1-4666-4999-6.ch003",
language = "English (US)",
isbn = "9781466650008",
pages = "36--47",
booktitle = "Communication and Language Analysis in the Corporate World",
publisher = "IGI Global",

}

TY - CHAP

T1 - Measuring the tone of accounting and financial narrative

AU - Henry, Elaine

AU - Leone, Andrew

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.

UR - http://www.scopus.com/inward/record.url?scp=84945981754&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84945981754&partnerID=8YFLogxK

U2 - 10.4018/978-1-4666-4999-6.ch003

DO - 10.4018/978-1-4666-4999-6.ch003

M3 - Chapter

SN - 9781466650008

SN - 1466649992

SN - 9781466649996

SP - 36

EP - 47

BT - Communication and Language Analysis in the Corporate World

PB - IGI Global

ER -