Martikainen, Minna; Miihkinen, Antti; Watson, Luke - In: Journal of Accounting Literature 45 (2022) 1, pp. 100-129
Purpose Negative disclosure tone in 10-K annual reports has economic consequences, yet relatively little is known about how it is generated. Boards of directors play an important governance role with respect to mandatory disclosures and personally sign off on Form 10-K, leading us to expect...