The impact of current-valued data on the predictive judgments of investors

This research employed a human information processing experiment to study the impact of replacement cost (RC) on the predictive judgments of investors. Sophisticated and unsophisticated investors were provided with either historic cost (HC) or both HC and RC data and were asked to predict the share...

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Bibliographic Details
Published in:Accounting, organizations and society organizations and society, 1988, Vol.13 (2), p.123-145
Main Author: Enis, Charles R.
Format: Article
Language:English
Subjects:
Accuracy
Historical cost accounting
Impacts
Investors
Judgments
Methods
Replacement cost accounting
Statistical analysis
Studies
Variance analysis
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Summary:This research employed a human information processing experiment to study the impact of replacement cost (RC) on the predictive judgments of investors. Sophisticated and unsophisticated investors were provided with either historic cost (HC) or both HC and RC data and were asked to predict the share price performance of chemical and drug stocks. The RC data were associated with lower accuracy and consensus among those who were relatively high users of it as determined by their response models.
ISSN:0361-3682
1873-6289
DOI:10.1016/0361-3682(88)90040-2