메뉴 건너뛰기




Volumn 23, Issue 7, 1998, Pages 625-640

Individual investors' risk judgments and investment decisions: The impact of accounting and market data

(1)  Lipe, M G a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0032186466     PISSN: 03613682     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0361-3682(97)00065-2     Document Type: Article
Times cited : (71)

References (50)
  • 1
    • 0001111897 scopus 로고
    • Intuitive theories of events and the effects of base-rate information on prediction
    • Ajzen, I. (1977). Intuitive theories of events and the effects of base-rate information on prediction. Journal of Personality and Social Psychology, 35, 303-314.
    • (1977) Journal of Personality and Social Psychology , vol.35 , pp. 303-314
    • Ajzen, I.1
  • 2
    • 0021289614 scopus 로고
    • Assessment of covariation by humans and animals: The joint influence of prior expectations and current situational information
    • Alloy, L., & Tabachnik, N. (1984). Assessment of covariation by humans and animals: the joint influence of prior expectations and current situational information. Psychological Review, 91, 112-149.
    • (1984) Psychological Review , vol.91 , pp. 112-149
    • Alloy, L.1    Tabachnik, N.2
  • 3
    • 38249031180 scopus 로고
    • A comparative analysis of information search and evaluation of professional and non-professional financial analysts
    • Anderson, M. (1988). A comparative analysis of information search and evaluation of professional and non-professional financial analysts. Accounting, Organizations, and Society, 13, 431-446.
    • (1988) Accounting, Organizations, and Society , vol.13 , pp. 431-446
    • Anderson, M.1
  • 4
    • 0001324919 scopus 로고
    • On the social psychology of the stock market: Aggregate attributional effects and the regressiveness of prediction
    • Andreassen, P. (1987). On the social psychology of the stock market: aggregate attributional effects and the regressiveness of prediction. Journal of Personality and Social Psychology, 53, 490-496.
    • (1987) Journal of Personality and Social Psychology , vol.53 , pp. 490-496
    • Andreassen, P.1
  • 5
    • 0001500626 scopus 로고
    • Explaining the price-volume relationship: The difference between price changes and changing prices
    • Andreassen, P. (1988). Explaining the price-volume relationship: the difference between price changes and changing prices. Organizational Behavior and Human Decision Processes, 41, 371-389.
    • (1988) Organizational Behavior and Human Decision Processes , vol.41 , pp. 371-389
    • Andreassen, P.1
  • 7
    • 0001632191 scopus 로고
    • The association between market determined and accounting determined risk measures
    • Beaver, W., Kettler, P., & Scholes, M. (1970). The association between market determined and accounting determined risk measures. The Accounting Review, 45, 654-682.
    • (1970) The Accounting Review , vol.45 , pp. 654-682
    • Beaver, W.1    Kettler, P.2    Scholes, M.3
  • 8
    • 84977423732 scopus 로고
    • The theoretical relationship between systematic risk and financial (accounting) variables
    • Bowman, R. (1979). The theoretical relationship between systematic risk and financial (accounting) variables. Journal of Finance, 34, 617-630.
    • (1979) Journal of Finance , vol.34 , pp. 617-630
    • Bowman, R.1
  • 9
    • 0000339461 scopus 로고
    • Do biases in probability judgment matter in markets?
    • Camerer, C. (1987). Do biases in probability judgment matter in markets?. The American Economic Review, 77, 981-997.
    • (1987) The American Economic Review , vol.77 , pp. 981-997
    • Camerer, C.1
  • 10
    • 77953869321 scopus 로고
    • The curse of knowledge in economic settings: An experimental analysis
    • Camerer, C., Loewenstein, G., & Weber, M. (1989). The curse of knowledge in economic settings: an experimental analysis. Journal of Political Economy, 97, 1232-1254.
    • (1989) Journal of Political Economy , vol.97 , pp. 1232-1254
    • Camerer, C.1    Loewenstein, G.2    Weber, M.3
  • 11
    • 0000032611 scopus 로고
    • Judgment of covariation by social perceivers
    • Crocker, J. (1981). Judgment of covariation by social perceivers. Psychological Bulletin, 90, 272-292.
    • (1981) Psychological Bulletin , vol.90 , pp. 272-292
    • Crocker, J.1
  • 12
    • 0002653323 scopus 로고
    • What do economists know about the stock market?
    • De Bondt, W. (1991). What do economists know about the stock market?. Journal of Portfolio Management, 17, 84-91.
    • (1991) Journal of Portfolio Management , vol.17 , pp. 84-91
    • De Bondt, W.1
  • 16
    • 38249032467 scopus 로고
    • The impact of current-valued data on the predictive judgments of investors
    • Enis, C. (1988). The impact of current-valued data on the predictive judgments of investors. Accounting, Organizations and Society, 13, 123-145.
    • (1988) Accounting, Organizations and Society , vol.13 , pp. 123-145
    • Enis, C.1
  • 17
    • 84977737676 scopus 로고
    • The cross-section of expected stock returns
    • Fama, E., & French, K. (1992). The cross-section of expected stock returns. The Journal of Finance, 47, 427-465.
    • (1992) The Journal of Finance , vol.47 , pp. 427-465
    • Fama, E.1    French, K.2
  • 18
    • 0001336770 scopus 로고
    • Perceived risk, market risk, and accounting determined risk measures
    • Farrelly, G., Ferris, K., & Reichenstein, W. (1985). Perceived risk, market risk, and accounting determined risk measures. The Accounting Review, 60, 278-288.
    • (1985) The Accounting Review , vol.60 , pp. 278-288
    • Farrelly, G.1    Ferris, K.2    Reichenstein, W.3
  • 19
    • 84909547607 scopus 로고
    • Objectives of financial reporting by business enterprises
    • Norwalk, CI. FASB
    • Financial Accounting Standards Board, (1978). Objectives of financial reporting by business enterprises. Statement of Financial Accounting Concepts no. 1. Norwalk, CI. FASB.
    • (1978) Statement of Financial Accounting Concepts No. 1
  • 20
    • 0000815950 scopus 로고
    • Investor diversification and international equity markets
    • French, K., & Poterba, J. (1991). Investor diversification and international equity markets. American Economic Review, 81, 222-226.
    • (1991) American Economic Review , vol.81 , pp. 222-226
    • French, K.1    Poterba, J.2
  • 21
    • 0000845584 scopus 로고
    • The effects of biases in probability judgments on market prices
    • Ganguly, A., Kagel, J., & Moser, D. (1994). The effects of biases in probability judgments on market prices. Accounting, Organizations and Society, 19, 675-700.
    • (1994) Accounting, Organizations and Society , vol.19 , pp. 675-700
    • Ganguly, A.1    Kagel, J.2    Moser, D.3
  • 22
    • 0000272993 scopus 로고
    • A test of the extended functional fixation hypothesis
    • Hand, J. (1990). A test of the extended functional fixation hypothesis. The Accounting Review, 65, 740-763.
    • (1990) The Accounting Review , vol.65 , pp. 740-763
    • Hand, J.1
  • 23
    • 0001892940 scopus 로고
    • Luck versus forecast ability: Determinants of trader performance in futures markets
    • Hartzmark, M. (1991). Luck versus forecast ability: determinants of trader performance in futures markets. Journal of Business, 64, 49-74.
    • (1991) Journal of Business , vol.64 , pp. 49-74
    • Hartzmark, M.1
  • 24
    • 21844495919 scopus 로고
    • Investor reactions to financial analysts' research reports
    • Hirst, D. E., Koonce, L., & Simko, P. (1995). Investor reactions to financial analysts' research reports. Journal of Accounting Research, 33, 335-351.
    • (1995) Journal of Accounting Research , vol.33 , pp. 335-351
    • Hirst, D.E.1    Koonce, L.2    Simko, P.3
  • 26
    • 0001106140 scopus 로고
    • Experimental tests of the separation theorem and the capital asset pricing model
    • Kroll, Y., Levy, H., & Rapoport, A. (1988). Experimental tests of the separation theorem and the capital asset pricing model. American Economic Review, 78, 500-519.
    • (1988) American Economic Review , vol.78 , pp. 500-519
    • Kroll, Y.1    Levy, H.2    Rapoport, A.3
  • 27
    • 84977733807 scopus 로고
    • The weekend effect: Trading patterns of individual and institutional investors
    • Lakonishok, J., & Maberly, E. (1990). The weekend effect: trading patterns of individual and institutional investors. The Journal of Finance, 45, 231-243.
    • (1990) The Journal of Finance , vol.45 , pp. 231-243
    • Lakonishok, J.1    Maberly, E.2
  • 30
    • 0003035834 scopus 로고
    • Individual investor attributes and attitudes
    • Lease, R., Lewellen, W., & Schlarbaum, G. (1974). Individual investor attributes and attitudes. Journal of Finance, 29, 413-433.
    • (1974) Journal of Finance , vol.29 , pp. 413-433
    • Lease, R.1    Lewellen, W.2    Schlarbaum, G.3
  • 31
    • 0010137261 scopus 로고
    • A lens model analysis of covariation research
    • Lipe, M. (1990). A lens model analysis of covariation research. Journal of Behavioral Decision Making, 3, 47-59.
    • (1990) Journal of Behavioral Decision Making , vol.3 , pp. 47-59
    • Lipe, M.1
  • 34
    • 0003162879 scopus 로고
    • Judgment and decision making research in financial accounting: A review and analysis
    • R. Ashton & A. Ashton (Eds.) . Cambridge, Cambridge University Press
    • Maines, L. (1995). Judgment and decision making research in financial accounting: a review and analysis. In R. Ashton & A. Ashton (Eds.), Judgment and Decision Making Research in Accounting and Auditing (pp. 76-=101). Cambridge, Cambridge University Press.
    • (1995) Judgment and Decision Making Research in Accounting and Auditing , pp. 76-101
    • Maines, L.1
  • 35
    • 0030305177 scopus 로고    scopus 로고
    • Individuals' perceptions and misperceptions of time series properties of quarterly earnings
    • Maines, L., & Hand, J. (1996). Individuals' perceptions and misperceptions of time series properties of quarterly earnings. The Accounting Review, 71, 317-336.
    • (1996) The Accounting Review , vol.71 , pp. 317-336
    • Maines, L.1    Hand, J.2
  • 36
    • 38149145773 scopus 로고
    • Assessing the accuracy of financial analyst security return predictions
    • Mear, R., & Firth, M. (1987). Assessing the accuracy of financial analyst security return predictions. Accounting, Organizations and Society, 12, 331-340.
    • (1987) Accounting, Organizations and Society , vol.12 , pp. 331-340
    • Mear, R.1    Firth, M.2
  • 37
    • 0010199433 scopus 로고
    • Risk perceptions of financial analysts and the use of market and accounting data
    • Mear, R., & Firth, M. (1988). Risk perceptions of financial analysts and the use of market and accounting data. Accounting and Business Research, 18, 335-340.
    • (1988) Accounting and Business Research , vol.18 , pp. 335-340
    • Mear, R.1    Firth, M.2
  • 38
    • 0001353190 scopus 로고
    • The effects of output interference, availability, and accounting information on investors' predictive judgments
    • Moser, D. (1989). The effects of output interference, availability, and accounting information on investors' predictive judgments. The Accounting Review, 64, 433-448.
    • (1989) The Accounting Review , vol.64 , pp. 433-448
    • Moser, D.1
  • 39
    • 0000070375 scopus 로고
    • Financial statement analysis and the prediction of stock returns
    • Ou, J., & Penman, S. (1989). Financial statement analysis and the prediction of stock returns. Journal of Accounting and Economics, 11, 295-329.
    • (1989) Journal of Accounting and Economics , vol.11 , pp. 295-329
    • Ou, J.1    Penman, S.2
  • 40
    • 0010178702 scopus 로고
    • Ratio analysis and efficient markets in introductory financial accounting
    • Patton, J. (1982). Ratio analysis and efficient markets in introductory financial accounting. The Accounting Review, 57, 627-630.
    • (1982) The Accounting Review , vol.57 , pp. 627-630
    • Patton, J.1
  • 41
    • 0015765501 scopus 로고
    • Alternative approaches to decision making under risk: Moments versus risk dimensions
    • Payne, J. (1973). Alternative approaches to decision making under risk: moments versus risk dimensions. Psychological Bulletin, 80, 439-453.
    • (1973) Psychological Bulletin , vol.80 , pp. 439-453
    • Payne, J.1
  • 44
    • 84977722617 scopus 로고
    • The buying and selling behavior of individual investors at the turn of the year
    • Ritter, J. (1988). The buying and selling behavior of individual investors at the turn of the year. The Journal of Finance, 43, 701-717.
    • (1988) The Journal of Finance , vol.43 , pp. 701-717
    • Ritter, J.1
  • 45
    • 0000560501 scopus 로고
    • Issues of concern regarding within-and between-subjects designs in behavioral accounting research
    • Schepanski, A., Tubbs, R., & Grimlund, R. (1992). Issues of concern regarding within-and between-subjects designs in behavioral accounting research. Journal of Accounting Literature, 11, 121-150.
    • (1992) Journal of Accounting Literature , vol.11 , pp. 121-150
    • Schepanski, A.1    Tubbs, R.2    Grimlund, R.3
  • 46
    • 0010076661 scopus 로고
    • Control of risk attitude in experimental accounting research
    • Selto, F., & Cooper, J. (1990). Control of risk attitude in experimental accounting research. Journal of Accounting Literature, 9, 229-264.
    • (1990) Journal of Accounting Literature , vol.9 , pp. 229-264
    • Selto, F.1    Cooper, J.2
  • 49
    • 0001341553 scopus 로고
    • Importance of variance preferences in gambling decisions
    • Slovic, P., & Lichtenstein, S. (1968). Importance of variance preferences in gambling decisions. Journal of Experimental Psychology, 78, 646-654.
    • (1968) Journal of Experimental Psychology , vol.78 , pp. 646-654
    • Slovic, P.1    Lichtenstein, S.2
  • 50
    • 0010121706 scopus 로고
    • Auditors' covariation judgments
    • Waller, W., & Felix, W. (1987). Auditors' covariation judgments. The Accounting Review, 62, 275-292.
    • (1987) The Accounting Review , vol.62 , pp. 275-292
    • Waller, W.1    Felix, W.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.