On the Informational Effectiveness of the Compensation Discussion and Analysis (CD&A): Evidence From Textual Features
Journal of Accounting, Auditing & Finance
Published online on November 20, 2025
Abstract
Journal of Accounting, Auditing & Finance, Ahead of Print.
Since the SEC’s 2006 mandate for the Compensation Discussion and Analysis (CD&A), its disclosure has increased significantly. Shareholders complain that CD&As are difficult to read and lack useful information. Despite uniform SEC guidelines, firms vary ...
Since the SEC’s 2006 mandate for the Compensation Discussion and Analysis (CD&A), its disclosure has increased significantly. Shareholders complain that CD&As are difficult to read and lack useful information. Despite uniform SEC guidelines, firms vary ...