... announcements CEOs' financial experience Signaling Firm value Pessimistic tone How do investors interpret pessimistic corporate disclosures during periods of heightened economic uncertainty? A growing body of literature documents that the linguistic tone of corporate disclosures contains incremental...

...Angelina Christie; Daniel Houser Purpose The purpose of this paper is to test whether underpricing can serve as a signal of quality in a financing-investment environment and to compare it under the two institutions for financing offers that are commonly observed in corporate financial markets...