We use experimental markets to examine how pushing investment information and the value relevance of that information interact to influence investors' value estimate accuracy and market price efficiency. Developments in technology allow information to be pushed to investors anytime and anywhere....

Technological innovations have created a significant shift in how investment information is created, disseminated, and reviewed. Social media platforms and other internet-based information intermediaries are now important sources of fundamental investment analysis for investors. We use an...

Technological advances are creating a shift in the information disclosure environment allowing more investors to interact with management. We examine three key levels of trader-management interaction to assess the accuracy of traders' market-tested value estimates and resulting market price....

Technological advances are creating a shift in the information disclosure environment allowing more investors to interact with management. We examine three key levels of trader-management interaction to assess the accuracy of traders' market-tested value estimates and resulting market price....

We test whether individuals with incentivized directional preferences akin to investors taking a long position in a stock are more prone to forming biased beliefs than individuals with incentives akin to those of short investors. Extending motivated reasoning theory with insights from psychology...

An enduring issue in financial reporting is whether and how salient summary measures of firm performance (“earnings metrics”) affect market price efficiency. In laboratory markets, we test the effects of salient earnings metrics, which vary in how they combine persistent and transitory...