| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 1.22 MB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
Este estudo pretende averiguar o impacto provocado por uma mudança organizacional, nomeadamente de CEO ou de Chairman, nos seguintes atributos de texto: length (número de palavras do documento), tone (percentagem de palavras positivas no documento) e readability (fog índex do documento). Este impacto é avaliado nas narrativas financeiras, nomeadamente nas secções MD&A, mensagem do CEO e mensagem do Chairman. Os modelos de regressão utilizados são os presentes em El-Haj et al. (2017), aplicado aos relatórios de gestão das empresas portuguesas cotadas, que tivessem pelo menos um relatório escrito em inglês durante o período de 2005 a 2018. Os resultados indicam que não existe impacto com relevância estatística de uma mudança de CEO ou Chairman ao nível da length, tone e readability das secções MD&A, secção específica de CEO e secção específica de Chairman. Existe, contudo, um pequeno efeito no tone relativo à secção MD&A que é afetado por uma mudança de Chairman.
This study tries to measure de impact of an organizational change, specifically in terms of CEO or Chairman, in the following attributes: length (document number of words), tone (document percentage of positive words) and readability (document fog index). This impact is measured on the financial narratives, specifically in the MD&A document, CEO letter and Chairman letter. The regression models are from El-Haj et al. (2017). The used sample the Portuguese listed companies annual reports, which had at least one English written report over the period from 2005 to 2018. The results show there is no statistically relevant impact of a CEO or Chairman change in terms of length, tone and readability of de MD&A, CEO and Chairman sections. With exception to the MD&A section tone which is affected by a Chairman change.
This study tries to measure de impact of an organizational change, specifically in terms of CEO or Chairman, in the following attributes: length (document number of words), tone (document percentage of positive words) and readability (document fog index). This impact is measured on the financial narratives, specifically in the MD&A document, CEO letter and Chairman letter. The regression models are from El-Haj et al. (2017). The used sample the Portuguese listed companies annual reports, which had at least one English written report over the period from 2005 to 2018. The results show there is no statistically relevant impact of a CEO or Chairman change in terms of length, tone and readability of de MD&A, CEO and Chairman sections. With exception to the MD&A section tone which is affected by a Chairman change.
Description
Keywords
CEO Chairman Narrativas financeiras Length Tone Readability Financial narratives