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oai:docta.ucm.es:20.500.14352/190332024-07-23T14:15:38Zcom_20.500.14352_14col_20.500.14352_15

00925njm 22002777a 4500 dc Pascual Ezama, David author Rodríguez Paredes, María Mercedes author Sánchez Martín, María del Pilar author Gil Gómez De Liaño, Beatriz Teresa author 2018 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. 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. 2214-8043 10.1016/j.socec.2018.03.002 https://hdl.handle.net/20.500.14352/19033 https://doi.org/10.1016/j.socec.2018.03.002 Shorter and easier is more useful: a longitudinal analysis of how financial report enforcement affects individual investors