Can high readability exacerbate the effect of language sentiment on investors' judgments? Can low readability mitigate it? The moderating role of affect

• Main Author: Gay, Evelyn Hui Ting
• Other Authors: Ng Bu Peow
• Format: Theses and Dissertations
• Language: English
• Published: 2017
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/71882
• Institution: Nanyang Technological University

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 p...