Scoundrels or Stars? Theory and Evidence on the Quality of Workers in Online Labor Markets

Farrell, Anne M.; Grenier, Jonathan H.; Leiby, Justin

doi:10.2308/accr-51447

Cited by 238 publications

(102 citation statements)

References 84 publications

(106 reference statements)

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“…However, prior work by Krische () suggests that the median numeracy score of MTurk participants (three out of seven questions correct in her study) is relatively similar to the median numeracy score in our study of four out of seven questions correct, suggesting that the two populations are comparable on the dimension of numeracy. Further, recent research finds that MTurk workers exert effort at least equal to, and sometimes greater than, other populations, and provide similar responses (Farrell, Grenier, and Leiby ).…”

mentioning

confidence: 92%

How Disclosure Features of Corporate Social Responsibility Reports Interact with Investor Numeracy to Influence Investor Judgments

Elliott

Grant

Rennekamp

2017

Contemporary Accting Res

103

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Firms' Corporate Social Responsibility (CSR) reports typically frame their strategies in terms of either community or global efforts (i.e., "strategy frame"). Further, the style used to depict CSR performance in reports often highlights either pictures or words (i.e., "presentation style"). These two prominent disclosure features of CSR reports promote a natural fit or misfit in the focus (relatively low-level or high-level focus) investors adopt when thinking about the firm and its CSR efforts. Further, these disclosure features likely have different effects on investors depending on their numeracy or, in other words, the way that they naturally process numerical information. In this study, we predict and find that a fit between the strategy frame and the presentation style of a firm's CSR report causes less numerate investors to be more willing to invest than when a fit is not present. Specifically, we find that a fit leads less numerate investors to experience subjective feelings of processing fluency and, in turn, positive affect that serves as a cue that the positive CSR performance information can be relied upon, which positively influences willingness to invest. Our results have implications for both CSR reports as well as other types of firm disclosures that increasingly vary along similar disclosure characteristics. Our results also contribute to both the growing literature on presentation effects in accounting, as well as the broader business literature on CSR reporting. favorisent une ad equation (ou une inad equation) naturelle entre l'objectif (plus ou moins elev e) auquel adh erent les investisseurs lorsqu'ils songent a l'entreprise et les efforts d eploy es par cette derni ere au chapitre de la RSE. Au surplus, ces caract eristiques de l'information sont susceptibles d'avoir une incidence diff erente sur les investisseurs selon la num eratie de ces derniers, c'est-a-dire la comp etence avec laquelle ils traitent spontan ement les informations num eriques. Les auteurs posent et confirment l'hypoth ese selon laquelle, en pr esence d'une ad equation entre le cadre strat egique et le style de pr esentation des rapports que produit une soci et e en mati ere de RSE, les investisseurs dont la comp etence num erique est inf erieure sont davantage dispos es a investir qu'en l'absence d'ad equation. Ils constatent plus particuli erement que la pr esence d'une ad equation am ene les investisseurs moins comp etents a eprouver une impression subjective de fluidit e de traitement et, par ricochet, un affect positif leur servant d'indicateur de fiabilit e de l'information positive quant a la performance en mati ere de RSE, ce qui influe favorablement sur leur disposition a investir. Les r esultats de l' etude ont des r epercussions tant sur les rapports qui emanent des soci et es en mati ere de RSE que sur leurs informations d'autre nature pr esentant des caract eristiques similaires mais dont les variantes ne cessent de se multiplier. Ces r esultats contribuent egalement a l'enrichissement des ecrits sur les con...

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mentioning

confidence: 92%

How Disclosure Features of Corporate Social Responsibility Reports Interact with Investor Numeracy to Influence Investor Judgments

Elliott

Grant

Rennekamp

2017

Contemporary Accting Res

103

View full text Add to dashboard Cite

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“…Thirty-four participants were omitted from the analyses due to incomplete responses on the primary dependent measures. 11 See Farrell et al (2016) and Rennekamp (2012) for discussions of the use of online services for participant recruitment in experimental accounting research. 12 To assess the robustness of our results to outliers, we remove participants with a trading frequency of 250 or more times per year (n = 2) from our sample.…”

Section: Methodsmentioning

confidence: 99%

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

Pennington

Kelton

2016

International Journal of Accounting Information Systems

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“…Seven hundred Amazon Mturk participants (54% women, M age = 38) completed the study for monetary compensation (Mturk has often been utilized to study intrinsic versus extrinsic motivation, as well as task performance [e.g., Farrell, Grenier, & Leiby, ; Hahl, ]). All participants were asked to study a single‐page of learning material on how to identify consumers’ unmet needs (content from the section on unmet needs in Chapter 2 of Strategic Market Management [Aaker, ], see Appendix for detail).…”

Section: Studymentioning

confidence: 99%

The Feeling of Not Knowing It All

et al. 2019

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How do consumers assess their mastery of knowledge they have learned? We explore this question by investigating a common knowledge consumption situation: encountering opportunities for further learning. We argue and show that such opportunities can trigger a feeling-of-not-knowing-it-all (FONKIA), which lowers consumers' confidence in their mastery of the knowledge they already possess. Specifically, listing optional follow-up readings at the conclusion of a course lowered students' confidence in their mastery of the course material they had already learned (Study 1). Encountering an optional learning opportunity increased the FONKIA, which mediated the decreased confidence (Studies 2 and 3). We also document two moderators consistent with our conceptualization. First, participants primed with mastery (vs. instrumental) motivation were more negatively impacted when they encountered optional learning opportunities. Second, the more related the optional opportunities were to the target topic, the lower participants' confidence in their mastery of what they had already learned. We conclude by discussing the implications of these findings, such as encouraging further learning or harming teaching evaluations.

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Scoundrels or Stars? Theory and Evidence on the Quality of Workers in Online Labor Markets

Cited by 238 publications

References 84 publications

How Disclosure Features of Corporate Social Responsibility Reports Interact with Investor Numeracy to Influence Investor Judgments

How Disclosure Features of Corporate Social Responsibility Reports Interact with Investor Numeracy to Influence Investor Judgments

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

The Feeling of Not Knowing It All

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