Materiality and Data Fixation in Investment Decision Making: The Use of Accounting Change Information by Korean Financial Analysts

• 영문명: Materiality and Data Fixation in Investment Decision Making: The Use of Accounting Change Information by Korean Financial Analysts
• 발행기관: 인하대학교 산업경제연구소
• 저자명: 이성규
• 간행물 정보: 『경상논집』경상논집 제12집 제1호, 239~266쪽, 전체 28쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1998.04.01

영문 초록

While several studies have investigated data fixation in an accounting change, most studies do not answer why fixated behaviors have existed. This study attempts to provide an answer by examining the materiality effects of an accounting change on fixation on the basis of linear and retrospective process tracing approaches. Both approaches indicate that many Korean securities analysts exhibited fixated behaviors, while the materiality effects of the change on fixation were not supported. This study shows that the subjects did not alter their models after an accounting change because the net income to be affected by the change was relatively uninfluential in their decision making, not because of habitual responses to income number.

목차

1. PRIOR STUDIES

2. EMPIRICAL STUDY

3. RESULTS

4. LIMITATIONS AND CONCLUSIONS

REFERENCES

Abstract