Read the article by Reggy Hooghiemstra $(2010)$ titled "Letters to the shareholders: A content analysis comparison of letters written by CEOs in the United States and Japan" The International Journal of Accounting, Vol. $45(2010),$ p$.275-300.$

Required

$($i$)$ Identify the objective and research questions of the paper.

$(1$ marks$)$

$($ii$)$ Review relevant literature that has referred to Hooghiemstra's $(2010)$ work related to CEO's statements to investor.

$(5$ marks$)$

$($iii$)$ Choose two non$-$financial companies from the same industry in two different countries of your choice $($one company from each country$)$ and download their $2019$ and $2022$ annual reports. Make a comparative analysis using the list of categories which can be found in Hooghiemstra's $(2010)$ paper $($Table $1,$ Panel A: type of effect and Panel B: positive vs$.$ negative effects$).$

$(8$ marks$)$

$($iv$)$ Report any additional categories $($themes and effects$)$ that appear in the CEO statements of the selected annual reports but not in Hooghiemstra's list.

$(1$ marks$)$

$[15$ marks$]$