Table 4

Risk-related disclosures descriptive statistics for readability measures

MeanMedianModeSDMinMax
Panel A: RD (n 115)
Flesch-Kincaid14.0013.8013.801.2811.1018.30
Flesch reading ease22.0222.0021.006.551.0035.00
Gunning fog16.2316.4019.001.6312.1019.00
Passive voice16.0712.004.0013.241.0065.00
Panel B: RMD (n 110)
Flesch-Kincaid14.2114.2013.901.359.2019.00
Flesch reading ease26.2026.0025.006.986.0044.00
Gunning fog17.2317.4019.001.4412.9019.00
Passive voice10.518.005.009.702.0051.00

Note(s): The formulae for calculating these measures are available in the methods section

Source(s): Authors' own work

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