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Who Believes the Hype? An Experimental Examination of how Language Affects Investor Judgments
Hales, Jeffrey - 2015
This paper investigates the effect of vivid language on investor judgments. Recent research finds that investor … sensitive to the differences between vivid and pallid language when the underlying information is preference-inconsistent, but … not when the information is preference-consistent. Results of two experiments support our prediction. Vivid language …
Persistent link: https://www.econbiz.de/10013038408
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When the Use of Positive Language Backfires : The Joint Effect of Tone, Readability, and Investor Sophistication on Earnings Judgments
Tan, Hun-Tong - 2014
experiment with MBA students as participants, we investigate how the effect of language sentiment varies with readability and …Recent studies document that market participants react positively to the positive language sentiment or tone embedded …. However, while language sentiment and readability co-occur in practice, their joint effects remain largely unexplored. In an …
Persistent link: https://www.econbiz.de/10013056402
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When the Use of Positive Language Backfires : The Joint Effect of Language Sentiment, Readability, and Investor Sophistication on Earnings Judgments
Tan, Hun-Tong - 2014
experiment with MBA students as participants, we investigate how the effect of language sentiment varies with readability and …Recent studies document that market participants react positively to the positive language sentiment or tone embedded …. However, while language sentiment and readability co-occur in practice, their joint effects remain largely unexplored. In an …
Persistent link: https://www.econbiz.de/10013061519
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Who believes the hype? : an experimental examination of how language affects investor judgments
Hales, Jeffrey; Kuang, Xi; Venkataraman, Shankar - In: Journal of accounting research 49 (2011) 1, pp. 223-255
Persistent link: https://www.econbiz.de/10008900877
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When the use of positive language backfires : the joint effect of tone, readability, and investor sophistication on earnings judgments
Tan, Hun-tong; Wang, Elaine Ying; Zhou, Bo - In: Journal of accounting research 52 (2014) 1, pp. 273-302
Persistent link: https://www.econbiz.de/10010257630
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Do investors experience heuristics in earnings forecasting?
Praditha, Riza; Haliah, Haliah; Habbe, Abdul Hamid; … - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 21 (2020) 2, pp. 686-694
-adjustment influences experienced by investors in forecasting future earnings. This research was a laboratory experiment with a design of 2x …
Persistent link: https://www.econbiz.de/10012502444
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Do investors overreact to COVID-19 outbreak? : an experimental study using sequential disclosures
Sulistiawan, Dedhy; Feliana, Yie Ke; Rudiawarni, … - In: Contemporary economics 17 (2023) 1, pp. 43-57
This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in...
Persistent link: https://www.econbiz.de/10014281264
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The Impact of Graphical Displays of Pro Forma Earnings Information on Professional and Nonprofessional Investors' Earnings Judgments
Dilla, William N. - 2013
Regulation G (SEC 2003b) requires managers to reconcile textual non-GAAP performance measures (i.e., pro forma disclosures) to GAAP. Graphical disclosures also require reconciliation; however, neither the format nor the placement of the reconciliation is specified. We apply cognitive fit theory...
Persistent link: https://www.econbiz.de/10013094472
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Information illusion : placebic information and stock price estimates
Oehler, Andreas; Horn, Matthias; Wendt, Stefan - 2020
This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate a questionnaire-based stock price forecast competition among 196 undergraduate students in business administration. We show that placebic information increases the perceived...
Persistent link: https://www.econbiz.de/10012426318
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The Role of Information in Building Reputation in an Investment/Trust Game
Lunawat, Radhika - 2012
This article analyzes the role of information in building reputation in an investment/trust game. The model allows for information asymmetry in a finitely repeated sender-receiver game and solves for sequential equilibrium to show that if there are some trustworthy managers who always disclose...
Persistent link: https://www.econbiz.de/10013098371