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Thewissen James - One of the best experts on this subject based on the ideXlab platform.

  • The informativeness of impression management − financial analysts and rhetorical style of CEO letters
    'Emerald', 2019
    Co-Authors: Yan Beibei, Aerts Walter, Thewissen James
    Abstract:

    Purpose This paper aims to investigate the informativeness of rhetorical impression management patterns of CEO letters and examines whether these rhetorical features affect financial analysts’ forecasting behaviour. Design/methodology/approach The authors use textual analysis on a sample of 526 CEO letters of US firms and apply factor analysis on individual linguistic style measures to identify co-occurrence patterns of style features. Findings The authors identify three holistic style patterns (assertive acclaiming, cautious plausibility-based framing and logic-based rationalizing) and find that assertive rhetorical feature in CEO letters is negatively related with the dispersion of financial analysts’ earnings forecasts and positively associated with earnings forecast accuracy. CEOs’ use of a rationalizing rhetorical pattern tends to decrease the dispersion of financial analysts’ earnings, whereas a cautious plausibility-based rhetorical position is only marginally instrumental in getting more accurate earnings predictions. Practical implications Whilst impression management communication is often theorized as manipulative and void of real information content, the findings suggest that impression management serves both self-presentation and information-sharing purposes. Originality/value This paper elaborates on the co-occurrence of style characteristics in management communication and is a first attempt to validate the external ramifications of holistic style profiles of corporate narratives by focusing on an Economic Target audience

  • The informativeness of impression management: Financial analysts and rhetorical style of CEO letters
    'Emerald', 2019
    Co-Authors: Yan Beibei, Aerts Walter, Thewissen James
    Abstract:

    Purpose This paper aims to investigate the informativeness of rhetorical impression management patterns of CEO letters and examines whether these rhetorical features affect financial analysts’ forecasting behavior. Design/methodology/approach The authors use textual analysis on a sample of 526 CEO letters of US firms and apply factor analysis on individual linguistic style measures to identify co-occurrence patterns of style features. Findings The authors identify three holistic style patterns (assertive acclaiming, cautious plausibility-based framing and logic-based rationalizing) and find that assertive rhetorical feature in CEO letters is negatively related with the dispersion of financial analysts’ earnings forecasts and positively associated with earnings forecast accuracy. CEOs’ use of a rationalizing rhetorical pattern tends to decrease the dispersion of financial analysts’ earnings, whereas a cautious plausibility-based rhetorical position is only marginally instrumental in getting more accurate earnings predictions. Practical implications Whilst impression management communication is often theorized as manipulative and void of real information content, the findings suggest that impression management serves both self-presentation and information-sharing purposes. Originality/value This paper elaborates on the co-occurrence of style characteristics in management communication and is a first attempt to validate the external ramifications of holistic style profiles of corporate narratives by focusing on an Economic Target audience

Jason How - One of the best experts on this subject based on the ideXlab platform.

  • maximum Economic yield of the western rock lobster fishery of western australia after moving from effort to quota control
    Marine Policy, 2015
    Co-Authors: Nick Caputi, Simon De Lestang, Chris Reid, Alex Hesp, Jason How
    Abstract:

    The western rock lobster (Panulirus cygnus) fishery is Australia’s most valuable single-species fishery, worth AUD$200–$400 million annually. Stock assessment for this fishery utilises the puerulus settlement to predict recruitment to the fishery 3–4 years later. This predictive ability has been particularly useful recently, due to an unprecedented period of low settlement between 2006/07 and 2012/13. Pre-emptive management action (~70% effort reduction) was taken to provide greater protection to the breeding stock which also moved the fishery to the maximum Economic yield (MEY) level of effort for the projected recruitment. In 2010/11, the fishery moved from an effort-controlled to a quota-controlled fishery, which led to changes in fishing practices resulting in reductions in fishing costs and increases in lobster prices of about US$16/kg. This provided a unique opportunity to compare an MEY assessment under effort and quota controls. The MEY assessment under quota controls for a 5-year period indicated that annual harvest rates of 37–47% of legal biomass will achieve catches of 5780–7370t. in 2014. This MEY Target harvest range, which complements existing sustainability reference points based on egg production, is robust to a range of costs, prices and profit discount rates. This catch range enables industry/managers to take into account marketing implications and social issues (e.g. employment) in quota setting and therefore could be considered a socio-Economic Target. The MEY level of fishing has increased egg production to well above threshold levels that were based on maximum sustainable yield, providing the fishery with increased resilience when faced with environmental perturbations. This enables consideration for relaxing some existing biological controls, e.g. setose (mature) females, females above a maximum size, and lobsters 76–77mm carapace length. The relaxation of these controls is estimated to increase profits by about AUD$15 million annually due to higher catch rates and reduced fishing effort while maintaining egg production well above threshold levels.

Yan Beibei - One of the best experts on this subject based on the ideXlab platform.

  • The informativeness of impression management − financial analysts and rhetorical style of CEO letters
    'Emerald', 2019
    Co-Authors: Yan Beibei, Aerts Walter, Thewissen James
    Abstract:

    Purpose This paper aims to investigate the informativeness of rhetorical impression management patterns of CEO letters and examines whether these rhetorical features affect financial analysts’ forecasting behaviour. Design/methodology/approach The authors use textual analysis on a sample of 526 CEO letters of US firms and apply factor analysis on individual linguistic style measures to identify co-occurrence patterns of style features. Findings The authors identify three holistic style patterns (assertive acclaiming, cautious plausibility-based framing and logic-based rationalizing) and find that assertive rhetorical feature in CEO letters is negatively related with the dispersion of financial analysts’ earnings forecasts and positively associated with earnings forecast accuracy. CEOs’ use of a rationalizing rhetorical pattern tends to decrease the dispersion of financial analysts’ earnings, whereas a cautious plausibility-based rhetorical position is only marginally instrumental in getting more accurate earnings predictions. Practical implications Whilst impression management communication is often theorized as manipulative and void of real information content, the findings suggest that impression management serves both self-presentation and information-sharing purposes. Originality/value This paper elaborates on the co-occurrence of style characteristics in management communication and is a first attempt to validate the external ramifications of holistic style profiles of corporate narratives by focusing on an Economic Target audience

  • The informativeness of impression management: Financial analysts and rhetorical style of CEO letters
    'Emerald', 2019
    Co-Authors: Yan Beibei, Aerts Walter, Thewissen James
    Abstract:

    Purpose This paper aims to investigate the informativeness of rhetorical impression management patterns of CEO letters and examines whether these rhetorical features affect financial analysts’ forecasting behavior. Design/methodology/approach The authors use textual analysis on a sample of 526 CEO letters of US firms and apply factor analysis on individual linguistic style measures to identify co-occurrence patterns of style features. Findings The authors identify three holistic style patterns (assertive acclaiming, cautious plausibility-based framing and logic-based rationalizing) and find that assertive rhetorical feature in CEO letters is negatively related with the dispersion of financial analysts’ earnings forecasts and positively associated with earnings forecast accuracy. CEOs’ use of a rationalizing rhetorical pattern tends to decrease the dispersion of financial analysts’ earnings, whereas a cautious plausibility-based rhetorical position is only marginally instrumental in getting more accurate earnings predictions. Practical implications Whilst impression management communication is often theorized as manipulative and void of real information content, the findings suggest that impression management serves both self-presentation and information-sharing purposes. Originality/value This paper elaborates on the co-occurrence of style characteristics in management communication and is a first attempt to validate the external ramifications of holistic style profiles of corporate narratives by focusing on an Economic Target audience

Nick Caputi - One of the best experts on this subject based on the ideXlab platform.

  • maximum Economic yield of the western rock lobster fishery of western australia after moving from effort to quota control
    Marine Policy, 2015
    Co-Authors: Nick Caputi, Simon De Lestang, Chris Reid, Alex Hesp, Jason How
    Abstract:

    The western rock lobster (Panulirus cygnus) fishery is Australia’s most valuable single-species fishery, worth AUD$200–$400 million annually. Stock assessment for this fishery utilises the puerulus settlement to predict recruitment to the fishery 3–4 years later. This predictive ability has been particularly useful recently, due to an unprecedented period of low settlement between 2006/07 and 2012/13. Pre-emptive management action (~70% effort reduction) was taken to provide greater protection to the breeding stock which also moved the fishery to the maximum Economic yield (MEY) level of effort for the projected recruitment. In 2010/11, the fishery moved from an effort-controlled to a quota-controlled fishery, which led to changes in fishing practices resulting in reductions in fishing costs and increases in lobster prices of about US$16/kg. This provided a unique opportunity to compare an MEY assessment under effort and quota controls. The MEY assessment under quota controls for a 5-year period indicated that annual harvest rates of 37–47% of legal biomass will achieve catches of 5780–7370t. in 2014. This MEY Target harvest range, which complements existing sustainability reference points based on egg production, is robust to a range of costs, prices and profit discount rates. This catch range enables industry/managers to take into account marketing implications and social issues (e.g. employment) in quota setting and therefore could be considered a socio-Economic Target. The MEY level of fishing has increased egg production to well above threshold levels that were based on maximum sustainable yield, providing the fishery with increased resilience when faced with environmental perturbations. This enables consideration for relaxing some existing biological controls, e.g. setose (mature) females, females above a maximum size, and lobsters 76–77mm carapace length. The relaxation of these controls is estimated to increase profits by about AUD$15 million annually due to higher catch rates and reduced fishing effort while maintaining egg production well above threshold levels.

Rouhollah Ahmadi - One of the best experts on this subject based on the ideXlab platform.

  • the energy and Economic Target optimization of a naphtha production unit by implementing energy pinch technology
    Case Studies in Thermal Engineering, 2018
    Co-Authors: Ali Manizadeh, Ashkan Entezari, Rouhollah Ahmadi
    Abstract:

    Abstract In this paper, energy pinch analysis is implemented on the Naphtha Production Unit as an operating process plant. It endeavors to approach the current system to the maximum energy recovery (MER) design by providing several scenarios in the heat exchangers network. Furthermore, the Economic analysis considering the initial investment and operating costs of the system was conducted in each scenarios to achieve a cost-effective system. The results obtained just from the pinch analysis optimization technique, indicate that reducing the heating and cooling loads do not reduce the total costs. Therefore, two objective optimization of minimization of the levelized cost of product (LCOP) as well as maximization of the overall energy performance of the system are concerned to find out the optimal scenario of the energy network layout. Here, retrofit of the maximum energy recovery design is performed to represent the energetical and Economical optimal layout.