haku: @author Rogers, W. / yhteensä: 2
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| Tekijä: | Mahapatra, S. Chase, M. Rogers, W. |
| Otsikko: | Information interaction effects of inflation adjusted accounting data on individual decision-maker's sophistication and risk preference |
| Lehti: | Journal of Business Finance and Accounting
1989 : WINTER, VOL. 16:5, p.635-650 |
| Asiasana: | ACCOUNTING FINANCIAL ACCOUNTING BUSINESS INFORMATION INFLATION RISK |
| Kieli: | eng |
| Tiivistelmä: | The usefulness of a mandated Financial Accounting Standard (SFAS No.33) is assessed. SFAS No. 33 requires corporations to supply inflation adjusted financial statements as supplements to historical cost based financial statements. A descriptive model is used to assess the interaction effects of SFAS No. 33 data, investors "accounting sophistication" and "risk preference" on estimates of securities' systematic risk. The data are analysed using regression analysis. It is concluded that the disclosures mandated by SFAS No. 33 enhance the ability of financial statement users to forecast securities' systematic risk. |
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