Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/70347

LABOR UNION AND LINGUISTIC ATTRIBUTES IN FIRM DISCLOSURE

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Title:LABOR UNION AND LINGUISTIC ATTRIBUTES IN FIRM DISCLOSURE
Authors:Zhang, Jiarui
Contributors:Jung, Boochun (advisor)
Business Administration (department)
Keywords:Accounting
Conference calls
Content analysis
Labor union
Linguistic attributes
show 1 moreVoluntary disclosure
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Date Issued:2020
Publisher:University of Hawai'i at Manoa
Abstract:Little research examines managers’ language itself in the presence of labor unions, especially using a rich communication channel such as earnings conference calls. By disentangling the two latent components of linguistic complexity (i.e. information and obfuscation) using conference call transcripts, I find that firms with stronger labor unions tend to disclose less information and, surprisingly, employ less obfuscation. However, the negative relation between obfuscation and union strength is driven by the loss firms subsample, indicating that the strategic obfuscation of negative news is less likely for firms with a powerful labor union in order to be forthcoming about negative information to gain bargaining power. Furthermore, I document that unionized firms tend to provide more non-factual language to add noise to disclosure, reveal less forward-looking information, and use more negative words in their narratives. This study provides a comprehensive view on the nuanced linguistic styles and contents via which firms react to labor unions.
Pages/Duration:81 pages
URI:http://hdl.handle.net/10125/70347
Rights:All UHM dissertations and theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission from the copyright owner.
Appears in Collections: Ph.D. - Business Administration


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