Journal / Book Title
International Research Journal of Applied Finance
This study proposes to fill a gap in the literature on the readability of annual reports submitted to the SEC by focusing on an area that has not be studied previously: small cap companies. Seven passages of approximately 100 words each were randomly selected from the annual reports of a random sample of fifty companies in the S&P Small Cap 600. The testing of the passages finds that small cap companies’ 10-Ks have readability scores similar to or worse than large cap companies.
Journal ISSN / Book ISBN
MSU Digital Commons Citation
Ricci, Cecilia W., "Annual Report Readability: The Case of Small-Cap Companies" (2017). Department of Accounting and Finance Faculty Scholarship and Creative Works. 14.
Ricci, C. (2017). "Annual Report Readability: The Case of Small-Cap Companies". International Research Journal of Applied Finance, 8 (12), pp. 712-718.