Investors' Information Processing Behavior: Management Disclosures' Fluency and Sentiment

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書誌詳細
出版年:	Iranian Journal of Management Studies vol. 18, no. 1 (Jan 2025), p. 145
第一著者:	Asnaashari, Hamideh
その他の著者:	Daghani, Reza, Sajadi, Seyed Hossein, Maghrebi, Yeganeh Fagh-four
出版事項:	University of Tehran, Qom College
主題:	Information processing Management decisions Cognitive load Linguistics Disclosure Investments Perceptions Hypotheses Emotions Stockholders Influence Decision making Investors
オンライン･アクセス:	Citation/Abstract Full Text Full Text - PDF
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その他の書誌記述
抄録:	This study investigates the influence of management disclosures' fluency and sentiment on investors' information processing behavior (IPB), and explores how investors' attributes impact their IPB. In this regard, we use A2 x 2 x 2 between-subjects experimental design to present 201 individual investors with disclosures containing bad news about firm performance. These disclosures varied in terms of fluency and sentiment. Our findings suggest that fluency and sentiment impact investors' IPB. Moreover, expert investors respond differently to variations in fluency and sentiment than non-expert investors, and fluency has a more significant effect on IPB than sentiment. This study offers valuable insights into the impact of fluency and sentiment in management disclosures. Additionally, it underscores the significance of considering investors' characteristics when formulating effective disclosure policies.
ISSN:	2008-7055 2345-3745
DOI:	10.22059/ijms.2024.363681.676110
ソース:	ABI/INFORM Global