Linguistic tone and the small trader
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DOI: 10.1016/j.aos.2018.03.005
Abstract: Management-issued linguistic tone is, on average, positively associated with future earnings and incrementally priced by the market. However, prior capital markets research also shows that linguistic tone is difficult to process, while lab-based findings establish… read more here.
Keywords: residual tone; linguistic tone; tone; small investors ... See more keywords