Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/71882
Title: Can high readability exacerbate the effect of language sentiment on investors' judgments? Can low readability mitigate it? The moderating role of affect
Authors: Gay, Evelyn Hui Ting
Keywords: DRNTU::Business::Accounting
Issue Date: 2017
Source: Gay, E. H. T. (2017). Can high readability exacerbate the effect of language sentiment on investors' judgments? Can low readability mitigate it? The moderating role of affect. Doctoral thesis, Nanyang Technological University, Singapore.
Abstract: Prior accounting studies find that high readability is beneficial for investors, as investors are not influenced by heuristic cues when the disclosure is easily understood, whereas low readability is harmful for investors. I consider the moderating role of affect. Drawing on psychology theories, I predict and find that when affect towards the firm is positive, investors' judgments are influenced by language sentiment when the disclosure is more fluent (i.e. more readable), and no longer influenced by language sentiment when the disclosure is disfluent (i.e. less readable), in line with disfluency theory. I discuss the implications of my findings on research in readability, language, and affect, and the implications for regulators and investors.
URI: http://hdl.handle.net/10356/71882
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

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