W. Brooke Elliott

TL;DR: In this article, the authors investigate the assumption underlying much of the experimental research in financial accounting that graduate business students are a good proxy for non-professional investors, and find that students who have completed their core MBA courses and are enrolled in or have completed a financial statement analysis course are good proxies for nonprofessional investors in tasks with relatively low integrative complexity.

TL;DR: In this article, the authors investigate the assumption underlying much of the experimental research in financial accounting that graduate business students are a good proxy for nonprofessional investors and compare the responses of two groups of M.B.A. students and non professional investors.

TL;DR: In this article, the authors examined how two underlying characteristics of pro-forma earnings announcements, pro forma emphasis and the presence of a quantitative reconciliation, influence non-professional investors' and analysts' reliance on pro-Forma disclosures.

TL;DR: In this article, the authors examined how two underlying characteristics of pro-forma earnings announcements, pro forma emphasis and the presence of a quantitative reconciliation, influence nonprofessional investors' and analysts' reliance on proforma disclosures, and found that the influence of these characteristics on non-professionals' judgments and decisions was the result of an unintentional cognitive effect as opposed to the perceived informativeness of the earnings figure emphasized by management.

TL;DR: In this article, the authors examine how investors' estimates of fundamental value are causally influenced by a firm's corporate social responsibility (CSR) performance, and they also examine how investor assessment of CSR performance moderates its influence over their fundamental value estimates.