Erratum to "Impact of social capital on tone ambiguity in banks' 10-K filings" [J. Behav. Exp. Finance 29 (2020) 100411].

[This corrects the article DOI: 10.1016/j.jbef.

Impact of social capital on tone ambiguity in banks' 10-K filings.

We examine whether the social capital index of the county where the bank is headquartered is associated with the ambiguity of tone measures constructed from the textual analysis of banks' 10-K filings. We hypothesize and find that banks located in high social capital areas exhibit lower ambiguous tone in their 10-K filings. Furthermore, the impact of social capital on management's 10-K disclosure for banks located in high social capital areas is not mitigated during recessionary periods when management may have more unfavorable news to report.