RT Journal Article
T1 Shorter and easier is more useful: a longitudinal analysis of how financial report enforcement affects individual investors
A1 Pascual Ezama, David
A1 Rodríguez Paredes, María Mercedes
A1 Sánchez Martín, María del Pilar
A1 Gil Gómez De Liaño, Beatriz Teresa
AB According to the literature, individual investors rarely use accounting and financial information (AFI), even though they do not give it a particularly low valuation when asked. This behavior increases the risk to lose investments. The main contribution of this paper is to propose a new AFI format: a one-page report that is short and easy to understand, as a complement to the long and complex traditional format in order to increase the usefulness of information for investors and to decrease investment risk. Two experiments provide evidence about the increased usefulness of AFI when using the new proposed format. More importantly, it seems that results in terms of profits also improve considerably in medium (one year) and long-term (four years) investments, in contrast to more modest profits of speculative investments. Furthermore, this difference occurs regardless of the investors’ previous experience.
PB Elsevier
SN 2214-8043
YR 2018
FD 2018
LK https://hdl.handle.net/20.500.14352/19033
UL https://hdl.handle.net/20.500.14352/19033
LA eng
NO Pascual Ezama, D., Rodríguez Paredes, M., Sánchez Martín, M. P. & Gil Gómez De Liaño, B. T. «Shorter and Easier Is More Useful: A Longitudinal Analysis of How Financial Report Enforcement Affects Individual Investors». Journal of Behavioral and Experimental Economics, vol. 74, junio de 2018, pp. 29-37. DOI.org (Crossref), https://doi.org/10.1016/j.socec.2018.03.002.
NO Ministerio de Ciencia, Innovación y Universidades (España)
DS Docta Complutense
RD 27 sept 2024