The Usefulness Of Publicly Available Information For Investment Decisions: Evidence From The Individual Investors In Emerging Stock Market In Sri Lanka.

摘要：

The purpose of this paper is to investigate the usefulness of publicly available information for investment decisions. The study uses the survey method to identify the most important determinant/s for evaluating investment opportunities or firms. Thus the study gathered data from hundred and twenty investors in the Colombo Stock Exchange (CSE). The study found that the Peace condition,stock market trends,and the political stability of the country are the most important determinants for selecting any investment opportunity. However,when considering stock market investments,the most important determinant is the firm specific information. Further,the financial statements are more reliable and much popular source of firm specific information to stock market investors.

关键词： firm specific factors macroeconomic factors accounting information

作者: Cao Yang W.V.A.D. Karunarathne

作者单位: School of Economics,Huazhong Normal University,430079,Wuhan,Hubei,P.R. China Department of Government Economics,Huazhong Normal University,Wuhan,Hubei,430079,P.R. China Departme

会议类型: 国际会议

会议名称: The Tenth Wuhan International Conference on E-Business(第十届武汉电子商务国际会议)

会议地点: 成都

会议语种:英文

页码: 971-975

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）