Readability = (0.39xsentence length) + (1.18xword length) - 15.59, World length = syllable number/word number, Sentence length = word number/sentence number.
Table 1 shows the readability intervals of the readability formulas used in the study.
Cetinkaya and Uzun (15) developed a formula to measure the
readability of Turkish texts in 2010 (Table 2).
There has been some more recent research relating to
readability. Lehavy, Li, and Merkley (2011) used
readability tests to analyze annual reports from 1995 to 2006.
1.3 Relevance of
Readability in Corporate Disclosures
An analyst can easily measure the
readability of any finance document.
What are the differences among
readability measures and text sources (e.g., literacy readers, trade books, online articles)?
Chapter 5 focuses on "Coherence and Discourse" properties of texts and their effect on
readability, where, in addition to a further discussion of conceptual linking and background knowledge, the authors discuss the effect of frames and metaphors on
readability.
Prior to analyzing the data, the "ideal" criteria for the
readability of the online resources were established.
A box and whisker plot depicting distribution of
readability grade levels by the
readability metric utilized is shown in Figure 3.
Authors and publishers utilize
readability indices to quantify the reading grade level at which a typical student can read a text.
The
readability of the material was determined using the Flesch Reading Ease Score (FRES) and the Flesch Kincaid Grade Level (FKGL) score.