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Financial reporting quality has been said to play an important role in reducing information asymmetry. Thus, firms with … high financial reporting quality may enhance more investors' decision. Hence, the basic objective of this study is to … Nichols in 2002. In this paper, the absolute value of residual error represents the financial reporting quality. This …
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Experiment 3, we find that merely disclosing the analyst firm's distribution of stock recommendations as per current FINRA …
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Research suggests that investors fail to fully process changes in return on assets due to their incomplete processing of changes in asset turnover. We propose that investors do not fully process changes in return on assets—stemming from changes in asset turnover—because of their (1) fixation...
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literature on CSR reporting …
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sell) recommendation’s effect on investment judgments. However, Experiment 3 indicates that showing investors an analyst …
Persistent link: https://www.econbiz.de/10014165689
outcomes. Our evidence is based on an experiment in which subjects repeatedly invest in two identical, uncorrelated, risky …
Persistent link: https://www.econbiz.de/10011865329
Myopic loss aversion (MLA) has been proposed as an explanation for the equity premium puzzle, and a number of experiments on students indicate that people do exhibit MLA. However, many people do not rely on their own judgment when making investment decisions, but obtain help from financial...
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