الفهرس 
Chapter One IntroductionOnly 14 pages are availabe for public view
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Abstract
This research aims to examine whether analysts‘ coverage could possibly serve as a monitoring mechanism, that would help improve the credibility of narrative reporting namely, earnings press release, by reducing the presence of impression management practices. Furthermore, this research aims to examine whether capital market participants can see through managers’ strategic disclosure choices in earnings press release and penalize firms for this opportunistic behavior. Finally, this research aims to examine how analysts‘ coverage impact, if any, on the information content of earnings press release is valued in the capital market. This objective is attained by examining the mediating impact of impression management practices on the relationship between analysts‘ coverage and the firm stock prices using path analysis. Impression management practices are captured using Huang et al., (2014) measure of abnormal positive tone (ABTONE) from the residuals of a tone model that controls for firm quantitative fundamentals including financial performance, growth prospects, and firm operating risk and complexity. Consistent with the monitoring effect hypotheses, the results have shown that analysts’ coverage has a significant negative impact on impression management as captured by the ABTONE measure. Besides, the results have shown that ABTONE has a significant positive impact on firms‘ quarterly stock prices. Finally, path analysis results showed that analysts‘ coverage has a significant negative indirect impact on quarterly stock prices through its impact on impression management practices.