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Average length of Form 10-K reports. The plot shows the average number of words per 10-K report over time. The error bands represent 95% confidence intervals produced by 1000 bootstrap samples.

Average length of Form 10-K reports. The plot shows the average number of words per 10-K report over time. The error bands represent 95% confidence intervals produced by 1000 bootstrap samples.

Contexts in source publication

Context 1
... complexity increase is consistent across different estimation methods. For example, since 1997, the average length of an annual corporate report has swelled by almost 200%, approaching 42,000 words by 2017 ( Figure 1). Concurrently, over just 10 years, the sentence length in these reports grew from under 28 words per sentence to 30. ...
Context 2
... discussed in the Methods section, above, longer words are associated with less readable text. We find that, although the average word length in 10-K reports tends to be higher than that in other corpuses (perhaps suggesting, again, that 10-K reports are in general less readable,) there is no significant change over time in any of the registers under our investigation ( Figure 12). Electronic copy available at: https://ssrn.com/abstract=3469073 ...

Citations

... The problem of business complexity on the performance of previously studied companies, revealed that executive characteristics and the existence of company coverage factors affect the company's performance (Lesmy, 2019;Virtanen et al. 2015;Alonso et al. 2021). The findings of a direct relationship between leadership style and company performance, show that professional leaders are needed in a competitive environment, the managers must be able to control the challenges of business complexity (Wong and Ngai, 2021;Ben Lahouel et al. 2022). ...
Article
This study utilizes the crowdfunding setting, and examines gender differences with regard to the perceived meaning of donations. The crowdfunding mechanism creates a singular reciprocal interaction where motivations can be examined and compared. We show that women's perceived meaning is more sensitive to the existence of gift rewards than that of men. When the gift incentive is nonexistent, women attribute a greater sense of meaning to their contribution, whereas this effect is largely absent or even reversed in men. Our findings have far-reaching implications in all aspects of donor retention strategies. Specifically, our findings indicate that women are more aligned with the Kantian doctrine of rejecting self-interest considerations of altruistic behavior than men.