This study examines whether mandatory adoption of International Financial Reporting Standards (IFRS) leads to capital market benefits through enhanced financial statement comparability. UK domestic standards are considered very similar to IFRS (Bae et al. 2008), suggesting any capital market benefits observed for UK-domiciled firms are more likely attributable to improvements in comparability (...

Research on subjective wellbeing typically assumes that responses to survey questions are comparable across respondents and time. Unfortunately, if this assumption is violated, standard methods in empirical research may mislead. I address concern with three contributions. First, give a theoretical analysis of the extent direction bias results from violations assumption. Second, propose use resp...

nnual reports (ARs) are the most important external documents and the most used channels for communication between organizations and stakeholders. The study uses self-built one self-built large corpus and nine small self-built sub-corpora to investigate lexical features in ARs to help AR users understand written financial discourses. The corpus consists of 120 pieces of 2011 annual reports. The...