Are longer annual reports less readable? Evidence from foreign firms listed on the United States Stock Exchanges
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Từ khóa:
Readability
Annual reports
Fog Index
Length of reports
Tóm tắt
This study examines whether longer annual reports are less readable. Using the sample of 20-F forms published by foreign firms listed on the United States Stock Exchanges, we find a significantly negative association between the length of annual reports and readability. This result suggests that longer annual reports are not less readable. The change in writing styles with shorter sentences, which is better complied with regulations of the US Securities and Exchange Commission (SEC) on disclosure, is considered the main reason for longer but more readable annual reports. We also raise awareness when employing the length of annual reports as the proxy of readability in research on the complexity of annual reports.
Tài liệu tham khảo
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Jun 30, 2022
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Cách trích dẫn
Nguyen Thi Thuy Phuong, Nguyen Thanh Huong. “Are Longer Annual Reports Less Readable? Evidence from Foreign Firms Listed on the United States Stock Exchanges”. Tạp Chí Khoa học Và Công nghệ - Đại học Đà Nẵng, vol 20, số p.h 6.1, Tháng Sáu 2022, tr 58-63, doi:10.31130/ud-jst.2022.095E.
