Pro Forma Disclosure and Investor Sophistication: External Validation of Experimental Evidence Using Archival Data
Insights on how ordinary, less-sophisticated investors interpret and process management-issued pro forma earnings numbers are useful to regulators because of concerns that pro forma disclosures are misleading to ordinary investors. Two recent experimental studies [Frederickson, J. R., & Miller,...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/964 http://dx.doi.org/10.1016/j.aos.2006.09.012 |
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| Institution: | Singapore Management University |
| Language: | English |