Cui, Xiao Carol - In: International Journal of Financial Studies : open … 4 (2016) 1, pp. 1-14
readable and informative. Past research has shown that high readability is related to more extreme investor judgments of firm … performance. Processing fluency is the prevalent theory to explain this: higher readability increases the investor's subconscious … simultaneously influences investor decision-making, and that it has an interactive effect with readability. When presented with …