This paper analyzes experimentally investors' overconfidence when making predictions of financial and accounting numbers and explores which factors drive this bias. In particular we analyze the extent to which familiarity with the variable predicted, the complexity of the forecasting task, and...

Private companies play a significant role and are the main growth engine of the global economy. Yet, till recently empirical research in accounting has focused primarily on public companies. Over the last few years, we have observed a change in trend. Accounting scholars have started researching...

Key Features:offers a unique approach in combining recent advances in the two closely related fieldsprovides future directions of development in these two fields, with suggestions on how and where they may convergeemphasizes the interaction between fair value accounting, market prices and the...