年报可读性、当期盈余与盈余持续性（JAE2008）

题目：Annual report readability, current earnings,and earnings persistence

摘要：This paper examines the relation between annual report readability and firm  performance and earnings persistence. I measure the readability of public company annual reports using the Fog index from the computational linguistics literature and the length of the document. I find that: (1) the annual reports of firms with lower earnings are harder to read (i.e., they have a higher Fog index and are longer); and (2) firms with annual reports that are easier to read have more persistent positive earnings.