Metaphors and the market: Consequences and preconditions of agent and object metaphors in stock market commentary

Morris, Michael W.; Sheldon, Oliver; Ames, Daniel R.; Young, Maia J.

doi:10.1016/j.obhdp.2006.03.001

Cited by 109 publications

(77 citation statements)

References 32 publications

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“…Tone: Presentation of content changes users' beliefs independent of content (Levin et al 1998;Katz 2001;Morris et al 2007). Optimistic (pessimistic) sentences are likely to pertain to positive (negative) aspects of CSR.…”

Section: Csr Report Disclosure Scorementioning

confidence: 99%

Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy

et al. 2017

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Standalone corporate social responsibility (CSR) reports vary considerably in the content of information released due to their voluntary nature. In this study, we develop a disclosure score based on the tone, readability, length, and the numerical and horizon content of CSR report narratives, and examine the relationship between the CSR disclosure scores and analyst forecasts. We find that CSR reporters with high disclosure scores are associated with more accurate forecasts, whereas low score CSR reporters are not associated with more accurate forecasts than firms who do not issue CSR reports. The findings are robust to controlling for firm characteristics including CSR activity ratings and financial narratives. The findings are driven by experienced CSR reporters rather than first-time CSR reporters. Together, our findings suggest that the content of CSR reports helps to improve analyst forecast accuracy, and this relationship is more pronounced for CSR reports with more substantial content.

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Section: Csr Report Disclosure Scorementioning

confidence: 99%

Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy

et al. 2017

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“…Metaphors are used to talk or write about a variety of issues, such as economics (Morris, Sheldon, Ames, & Young, 2007), health (Nerlich, Hamilton, & Row, 2002), and immigration (Charteris-Black, 2006). The hypothesis that metaphors can affect recipients has been acknowledged since antiquity (Quintilian, 1959).…”

Section: Metaphorical Framing Effectsmentioning

confidence: 99%

The Effects of Metaphorical Framing on Political Persuasion: A Systematic Literature Review

Boeynaems

Burgers

Konijn

et al. 2017

Metaphor and Symbol

105

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Effects of metaphorical framing of political issues on opinion have been studied widely by two approaches: a critical-discourse approach (CDA) and a response-elicitation approach (REA). The current article reports a systematic literature review (N = 109) that examines whether these approaches report converging or diverging effects. We compared CDA and REA on the metaphorical frames that were studied and their reported effects. Results show that the CDA frames are typically more negative, nonfictional, and extreme than REA frames. Reported effects in CDA and REA studies differ in terms of presence, directionality, and strength, with CDA typically reporting strong effects in line with the frame, compared to REA. These differences in effects can be (partly) explained by the different frame characteristics. However, differences in the methods applied by CDA and REA could be (partly) responsible for these differences as well. In all, we conclude that the research field is fragmented on the impact of metaphors in politics.

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“…Morris et al 2007). Practices in finance also reveal bodily influences in order for activity on the market to make sense.…”

Section: On Metaphors Categorization and Embodied Rationalitymentioning

confidence: 99%

Embodied economics: how bodily information shapes the social coordination dynamics of decision-making

Oullier

Basso

2010

Phil. Trans. R. Soc. B

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To date, experiments in economics are restricted to situations in which individuals are not influenced by the physical presence of other people. In such contexts, interactions remain at an abstract level, agents guessing what another person is thinking or is about to decide based on money exchange. Physical presence and bodily signals are therefore left out of the picture. However, in real life, social interactions (involving economic decisions or not) are not solely determined by a person's inference about someone else's state-of-mind. In this essay, we argue for embodied economics: an approach to neuroeconomics that takes into account how information provided by the entire body and its coordination dynamics influences the way we make economic decisions. Considering the role of embodiment in economics-movements, posture, sensitivity to mimicry and every kind of information the body conveys-makes sense. This is what we claim in this essay which, to some extent, constitutes a plea to consider bodily interactions between agents in social (neuro)economics.

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Metaphors and the market: Consequences and preconditions of agent and object metaphors in stock market commentary

Cited by 109 publications

References 32 publications

Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy

Corporate Social Responsibility Report Narratives and Analyst Forecast Accuracy

The Effects of Metaphorical Framing on Political Persuasion: A Systematic Literature Review

Embodied economics: how bodily information shapes the social coordination dynamics of decision-making

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