Measuring qualitative information in capital markets research (Registro nro. 199662)
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| Campo fijo de descripción fija | 02025nab a2200205 4500 |
| 003 - IDENTIFICADOR DEL NÚMERO DE CONTROL | |
| Campo de control | OSt |
| 005 - FECHA Y HORA DE LA ULTIMA TRANSACCIÓN | |
| control field | 20200226102053.0 |
| 008 - ELEMENTOS DE LONGITUD FIJA -- INFORMACIÓN GENERAL | |
| Campo fijo de descripción fija -- Información general | 200129s2016 xxu|||||r|||| 00| 0 eng d |
| 040 ## - FUENTE DE CATALOGACIÓN | |
| Agencia Catalogadora | CO-BoUGC |
| Agencia que realiza la transcripción | CO-BoUGC |
| 100 1# - ASIENTO PRINCIPAL--NOMBRE PERSONAL | |
| Nombre personal | Henry, Elaine |
| 245 1# - TÍTULO | |
| Título | Measuring qualitative information in capital markets research |
| Subtitulo | comparison of alternative methodologies to measure disclosure tone |
| Responsables | Elaine Henry & Andrew J. Leone |
| 300 ## - DESCRIPCIÓN FÍSICA | |
| Extensión | Páginas 153 a la 178 |
| 520 3# - NOTA DE RESUMEN, ETC. | |
| Nota de sumario, etc. | This study evaluates alternative measures of the tone of financial narrative. We present evidence that word-frequency tone measures based on domain-specific wordlists—compared to general wordlists—better predict the market reaction to earnings announcements, have greater statistical power in short-window event studies, and exhibit more economically consistent post-announcement drift. Further, inverse document frequency weighting, advocated in Loughran and McDonald (2011), provides little improvement to the alternative approach of equal weighting. We also provide evidence that word-frequency tone measures are as powerful as the Naïve Bayesian machine-learning tone measure from Li (2010) in a regression of future earnings on MD&A tone. Overall, although more complex techniques are potentially advantageous in certain contexts, equal-weighted, domain-specific, word-frequency tone measures are generally just as powerful in the context of financial disclosure and capital markets. Such measures are also more intuitive, easier to implement, and, importantly, far more amenable to replication. |
| 650 14 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| 9 (RLIN) | 91036 |
| Término temático o nombre geográfico como elemento de entrada | Contabilidad |
| Subdivisión de forma | Publicaciones seriadas |
| 650 24 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Mercado de capitales |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 177692 |
| 650 24 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Información financiera |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 176633 |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Leone, Andrew J. |
| -- | 178471 |
| 773 0# - ASIENTO DE ITEM FUENTE | |
| Host Biblionumber | 82265 |
| Host Itemnumber | 372813 |
| Asiento principal | The accounting review 2016 V.91 No. 1 (Jan) |
| Otro identificador del ítem | 0000002030250 |
| International Standard Serial Number | 0001-4826 (papel) |
| Descripción física | 26 páginas |
| Nota | Incluye tablas, figuras, referencias bibliográficas y apéndices |
| 942 ## - TIPO DE MATERIAL (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Tipo de Item KOHA | Artículo de Revista |
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