Zeng, Yongliang; Chan, Kam C.; Chen, Yunzhu; Liu, Lingjie - In: Borsa Istanbul Review 23 (2023) 2, pp. 269-284
analyzing the textual tone of management discussion and analysis sections in annual reports to capture managerial sentiment, we … of managerial sentiment and analyst earnings forecasts. Additional analysis suggests that the impact is more salient for …