Directional Preferences, Information Processing, and Investors' Forecasts of Earnings

By Jeffrey Hales. 2007

110 citations recorded by the source corpus.

Subfields: Accounting, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/e00debb0f2a28d181804c5b96c7b52835b49ac39

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In Accounting

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In General Decision Sciences

Citations in the corpus

Fifty-Year Overview of Judgment and Decision-Making Research in Accounting (2011, unknown): “Hales (2007) found that investors’ expectations about a firm’s performance were jointly influenced by the investors’ preferences and the type of news (good versus bad).”
Do Going Concern Audit Reports Protect Auditors from Litigation? A Simultaneous Equations Approach (2013, unknown): “2003) and investors (Hales 2007) as participants.”
Endogenous Overconfidence in Managerial Forecasts (2011, background): “Similarly, Hales (2007) reports experimental evidence indicating that investors are motivated to agree intuitively with information which suggests that they might make money on their investments, but to disagree with information which suggests that they may lose money.”
The disposition effect and investor experience (2013, background): “…records shows that exposure to a portfolio of stocks held by disposition-prone investors explains cross-sectional differences in daily returns Hales (2007) Investors are motivated to agree unthinkingly with information that suggests they might make money on their investment, but disagree…”
Individual investors and financial disclosure (2013, background): “…these studies find that analysts and investors exhibit systematic overconfidence in their earnings forecasts, (e.g., Easterwood and Nutt 1999; Hales 2007; Libby, Hunton, Tan, and Seybert 2008), that audit partners demonstrate significant overconfidence in the ability of their subordinates to…”