Internet financial reporting: The effects of information presentation format and content differences on investor decision making

The effect of cognitive abilities on information search for tasks of varying levels of complexity

“…For example, it was found that a text-versus visually-based query interface had a significant effect on workload [46]. Information presentation format has been found to affect users' decision-making performance when using electronic versus paper information presentation formats [34]. The workload imposed by specific interactions has also been studied; for example, in the context of tagging [23,33].…”

Integrated Reporting in an Internet and Social Media Communication Environment: Conceptual Insights

“…The use of the Internet for financial (Lodhia et al. ; Kelton and Pennington ; Ojah and Mokoaleli‐Mokoteli ; Guillamón‐Saorín and Martínez‐López ) and sustainability reporting (Adams and Frost ; Cho and Roberts ; Hahn and Kühnen ; Junior et al. ; Lodhia ) has been studied at length.…”

“…The use of the Internet for financial Kelton and Pennington 2012;Ojah and Mokoaleli-Mokoteli 2012;Guillamón-Saorín and Martínez-López 2013) and sustainability reporting (Adams and Frost 2004;Cho and Roberts 2010;Hahn and Kühnen 2013;Junior et al 2014;Lodhia 2014) has been studied at length. While integrated reporting through web-based technologies draws upon the features of Internet financial and sustainability reporting, the guiding principles issued by the IIRC (2013) highlight integrated reporting's distinctive characteristics.…”

How much is enough? An investigation of nonprofessional investors information search and stopping rule use

“…Information search performance (i.e., the quality and quantity of information acquired) is important as the information gathered during search can either positively or negatively impact the quality of decision outcomes. For example, Kelton and Pennington (2012) find that investors that acquire an optimistic letter from management provide more positive judgments about the firm's future prospects than those that do not read the management letter. Dilla et al (2014) find that lower knowledge investors that acquire a reconciliation of pro forma earnings disclosures are better able to incorporate differences between pro forma and GAAP earnings into their judgments than those who do not acquire the reconciliation.…”

“…Our findings that some investors tend to ignore financial information should inform future research on investor decision making. Prior research using survey and experimental methodologies supplies the investor with financial information, thereby creating a prompt for the investor to consider the information (e.g., Kelton and Pennington, 2012;Arnold et al, 2012). In this study, open-ended questions were used to better determine what type and how much information investors actually gather.…”