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Interactive data and retail investor decision-making: an experimental study

Version 2 2024-06-13, 09:52
Version 1 2016-07-12, 16:01
journal contribution
posted on 2024-06-13, 09:52 authored by J Locke, A Lowe, A Lymer
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.

History

Journal

Accounting & finance

Volume

55

Pagination

213-240

Location

London, Eng.

ISSN

0810-5391

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal, C Journal article

Copyright notice

2015, Wiley

Issue

1

Publisher

Wiley