The Impact of the Big Fish Effect on Investor Reactions to Financial and Nonfinancial Disclosure
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DOI: 10.1080/15427560.2020.1771716
Abstract: Abstract Via two experiments, we examine how management’s flexibility in framing its numerical data affects investor judgments. In specific, we examine whether investors are susceptible to a Big Fish effect where percentage data presented as… read more here.
Keywords: impact big; big fish; fish effect; percentage ... See more keywords