Discussion of "Annual report readability, current earnings, and earnings persistence"

Robert Bloomfield

Journal of Accounting and Economics, 2008, vol. 45, issue 2-3, pages 248-252

Abstract: Li [2008. Annual report readability, current earnings, and earnings persistence. Journal of Accounting and Economics, this issue, doi:10.1016/j.jacceco.2008.02.003] finds that firms with losses, or with transient income, write annual reports with long sentences and big words. I begin by discussing some explanations for Li's primary results, using his more detailed results, along with the results of related papers, to assess the plausibility of those explanations. I then briefly discuss the 10-K's of a single company over the course of 3 years, to provide more detailed insight into what might drive the length and readability of annual reports. Finally, I present some possible directions for future research.

Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:eee:jaecon:v:45:y:2008:i:2-3:p:248-252

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Journal of Accounting and Economics is edited by J. L. Zimmerman, S. P. Kothari, T. Z. Lys and R. L. Watts

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