FINANCIAL REPORT FORMAT, EMOTIONAL REACTIONS, AND THE JUDGMENT OF THE NONPROFESSIONAL INVESTORS --AN EXPERIMENTAL STUDY

摘要：

　　This paper presents an experiment that examines effects of emotional reactions on nonprofessional investors valuation judgments when the presentation formats of comprehensive income are different.The experiment indicates that nonprofessional investors can distinguish the effects of other comprehensive income on corporate performance and share price.The format of statement of comprehensive income is considered preferable in comparison to the modified profit statement as the statement of comprehensive income could improve the decision making process.Furthermore, it shows that the process of reporting format acting on judgments is accompanied with cognitive and affective effects.The information disclosed in the format of statement of comprehensive income is easier to understand, and it in turn brings positive emotional reactions.Our results have certain reference value for the improvement of Chinese accounting standards.

关键词： Comprehensive Income Presentation Formats Emotional Reactions Nonprofessional Investors

作者: Lixin Pan Lingling Tan Lan Ma Qijun Han

作者单位: School of Economics and Management, Beihang University, Beijing 100191, China

会议类型: 国际会议

会议名称: The 12th International Conference on Industrial Management(第十二届工业管理国际会议)

会议地点: 成都

会议语种:英文

页码: 533-539

在线出版日期: 2014-09-03（万方平台首次上网日期，不代表论文的发表时间）