Interactive data and retail investor decision making: An experimental study

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Interactive data and retail investor decision making: An experimental study. / Locke, Joanne; Lymer, Andrew; Lowe, Alan.

In: Accounting and Finance, Vol. 55, 03.2015, p. 213-40.

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@article{9eab44711df74a79a4e67f2e53d556d0,
title = "Interactive data and retail investor decision making: An experimental study",
abstract = "The results of an experimental study of retail investors’ use of eXtensibleBusiness Reporting Language tagged (interactive) data and PDF format formaking investment decisions are reported. The main finding is that data formatmade no difference to participants’ ability to locate and integrate informationfrom statement footnotes to improve investment decisions. Interactive datawere perceived by participants as quick and ‘accurate’, but it failed to facilitatethe identification of the adjustment needed to make the ratios accurate forcomparison. An important implication is that regulators and softwaredesigners should work to reduce user reliance on the comparability of ratiosgenerated automatically using interactive data.",
author = "Joanne Locke and Andrew Lymer and Alan Lowe",
year = "2015",
month = "3",
doi = "10.1111/acfi.12048",
language = "English",
volume = "55",
pages = "213--40",
journal = "Accounting and Finance",
issn = "0810-5391",
publisher = "Wiley",

}

RIS

TY - JOUR

T1 - Interactive data and retail investor decision making: An experimental study

AU - Locke, Joanne

AU - Lymer, Andrew

AU - Lowe, Alan

PY - 2015/3

Y1 - 2015/3

N2 - The results of an experimental study of retail investors’ use of eXtensibleBusiness Reporting Language tagged (interactive) data and PDF format formaking investment decisions are reported. The main finding is that data formatmade no difference to participants’ ability to locate and integrate informationfrom statement footnotes to improve investment decisions. Interactive datawere perceived by participants as quick and ‘accurate’, but it failed to facilitatethe identification of the adjustment needed to make the ratios accurate forcomparison. An important implication is that regulators and softwaredesigners should work to reduce user reliance on the comparability of ratiosgenerated automatically using interactive data.

AB - The results of an experimental study of retail investors’ use of eXtensibleBusiness Reporting Language tagged (interactive) data and PDF format formaking investment decisions are reported. The main finding is that data formatmade no difference to participants’ ability to locate and integrate informationfrom statement footnotes to improve investment decisions. Interactive datawere perceived by participants as quick and ‘accurate’, but it failed to facilitatethe identification of the adjustment needed to make the ratios accurate forcomparison. An important implication is that regulators and softwaredesigners should work to reduce user reliance on the comparability of ratiosgenerated automatically using interactive data.

U2 - 10.1111/acfi.12048

DO - 10.1111/acfi.12048

M3 - Article

VL - 55

SP - 213

EP - 240

JO - Accounting and Finance

JF - Accounting and Finance

SN - 0810-5391

ER -