Annual Report Readability , Earnings , and Stock Returns ∗

  • Feng Li Stephen M. Ross
  • Published 2006


This paper examines the relationship between annual report readability and firm performance. This is motivated by the Securities and Exchange Commission’s plain English disclosure regulations that attempt to make corporate disclosures easier to read for ordinary investors. I measure the readability of public company annual reports using the Fog Index and… (More)

10 Figures and Tables


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