Accounting Progress
Online ISSN : 2435-9947
Print ISSN : 2189-6321
ISSN-L : 2189-6321
A Study on the Relation Between Investor Psychology and Financial Accounting
Does fair disclosure affects investors’ emotions?
Satoshi Taguchi
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JOURNAL FREE ACCESS

2009 Volume 2009 Issue 10 Pages 54-67

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Abstract
 In this paper, we test two hypotheses by stock market experiments. First, it is the hypothesis whether investors would be irritated when they are conscious of other investors. Second, it is the hypothesis whether investors would be irritated when accounting information is released in public.  Our market experiments verified these hypotheses. Therefore, we should reconsider the intent of fair disclosure of accounting information.
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© 2009 Japan Accounting Association
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