Interactive data and retail investor decision-making: an experimental study
Year: 2013
Type: article
Abstract: The results of an experimental study of retail investors' use of eXtensible Business Reporting Language tagged (interactive) data and PDF format for making investment decisions are reported. The main finding is that data format made no difference to participants' ability to locate and integrate information from statement footnotes to improve investment decisions. Interactive data were perceived by participants as quick and ‘accurate’, but it failed to facilitate the identification of the adjustment needed to make the ratios accurate for comparison. An important implication is that regulators and software designers should work to reduce user reliance on the comparability of ratios generated automatically using interactive data.
Source: Accounting and Finance
DOI: 10.1111/acfi.12048
Authors: Joanne Locke, Alan Lowe, Andy Lymer
Institutions: The Open University, Aston University, University of Birmingham
Language: English
Topic: Financial Reporting and XBRL
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2024007136