This article investigates the impact of linguistic style in the Management Discussion and Analysis of Financial Condition and Results of Operations (hereafter MD&A) section of a company's annual report on stock market response. It provides a new technique for combining qualitative with...

This paper investigates whether management writers communicate truthful information to investors by offering relevant data about financial performance. This work expands on the understanding of the potential congruence of rhetorical tone in Management's Discussion and Analysis of Financial...