Competition Culture and Corporate Finance: A Measure of Firms' Competition Culture Based on a Textual Analysis of 10-K Filings

This book introduces a measure of firms’ competition culture based on a textual analysis and natural language processing (NPL) of firms’ 10—K filings. Using this measure, the book explores the relationship between competition culture and various phenomena in corporate finance, specifically, institutional ownership structure, sk return performance, idiosyncratic sk price crash risk, meeting/beating analysts’ earnings expectations, and earnings management activity, for a large sample of US—ba...