Open AccessAn Investigation Of Security Analysts Use Of Non-Accounting Data For Decision Making
Author(s) -
Leonard G. Weld
Publication year - 2011
Publication title -
journal of applied business research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.149
H-Index - 22
eISSN - 2157-8834
pISSN - 0892-7626
DOI - 10.19030/jabr.v6i3.6296
Subject(s) - accounting , sample (material) , accounting information system , equity (law) , business , inference , actuarial science , computer science , political science , artificial intelligence , law , chemistry , chromatography
This research evaluates the responses of Chartered Financial Analysts (CFAs) asked what additional information considered useful to make a buy/sell decision regarding equity securities. The information is dichotomized into quantitative/qualitative and internal/external groups. The results show that for the total sample of CFAs, the information requests are not significantly different form a 50/50 split. The inference drawn is that since almost 50% of the information used is external (qualitative), additional mandatory disclosures of accounting information should be carefully reviewed before implementation.