What do you say and how do you say it: Information disclosure in Latin American firms

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dc.coverage.spatial Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees eng
dc.creator González, Maximiliano
dc.creator Gúzman, Alexander
dc.creator Téllez, Diego
dc.creator Trujillo, María-Andrea
dc.date.accessioned 2017-03-22T20:02:35Z
dc.date.available 2017-03-22T20:02:35Z
dc.date.issued 2016-10-01
dc.identifier.uri http://hdl.handle.net/10784/11234
dc.description.abstract Firms in Latin America could differentiate themselves by adopting better information disclosure practices. In this paper, we construct an Information Disclosure Index (IDI) for a sample of 454 firms in the six largest Latin America countries. We look at 3.191 company reports and show that firms with better disclosure practices have better market valuation (Tobin’s Q) and operating performance (ROE). We then measure the tone of the information disclosed using word content analysis, and find that uncertainty in tone is negatively associated with higher firm valuation (Tobin’s Q) and better financial performance (ROE). spa
dc.language.iso eng spa
dc.publisher Universidad EAFIT spa
dc.rights info:eu-repo/semantics/openAccess eng
dc.title What do you say and how do you say it: Information disclosure in Latin American firms spa
dc.type workingPaper spa
dc.identifier.jel G15, G34
dc.subject.keyword Disclosure, Content analysis, Corporate governance, Firm value. spa
dc.type.spa Documento de trabajo de investigación spa
dc.type.hasVersion draf spa
dc.rights.accessRights openAccess spa
dc.rights.acceso Libre acceso spa
dc.publisher.department Escuela de Economía y Finanzas spa
dc.contributor.eafitauthor dftellezf@eafit.edu.co spa

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