COMMUNICATIVE FAILURES IN ANGLOPHONE PERFORMATIVE UTTERANCES: A STUDY OF SECURITIES EMISSION TEXTS

Abstract

The article focuses on the differences between constative and performative utterances found in Initial Public Offering texts. Various types of communicative infelicities found in performative statements within prospectus’ texts are investigated. Sufficient notice has been taken in the most evident reasons for infelicities discovered in performative statements in Initial Public Offering texts, which are analysed in the article. This article demonstrates the peculiarities of the factors that reduce or nullify the responsibility of the issuer and researches the chapters of Initial Public Offering where these factors are obvious and where the usage of these factors can be logically explained.