Discussion of: 10-K Disclosure Repetition and Managerial Reporting Incentives

We discuss the evolution of research on textual attributes in accounting and suggest potential directions for future research using Cazier and Pfeiffer (2017) to illustrate the challenges and opportunities in the literature. We categorize the literature based on whether a given textual attribute is assumed to be “discretionary” versus “nondiscretionary” and whether it is assumed to be “helpful” versus “harmful.” The literature to date has been...