The Order Effect of Corporate Disclosure Forms Fish-Tail Pattern: Further Evidence in Experimental Study

Sulistiawan, Dedhy and Wijaya, Riesanti Edie (2015) The Order Effect of Corporate Disclosure Forms Fish-Tail Pattern: Further Evidence in Experimental Study. Procedia-Social and Behavioral Sciences, 211 (25). pp. 1106-1111. ISSN 1877-0428

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Abstract

Human decision is not only affected by information content but also information order. This study provides additional evidence about order effect in the context of corporate disclosure. The same bundle of information should be reacted by the same way because those have same information. Information order affects investor decision. Using an experimental study, we provide that sequential information stimulates recency bias. Participants in a group who receives bad (good) news in their sequential information produces lower (higher) valuation. The order effect forms fish-tail pattern. This article contributes to recent studies and corporate disclosure practices.

Item Type:	Article
Uncontrolled Keywords:	Recency bias; Order effect; Fish-tail pattern; Disclosure; Valuation
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Business and Economic > Department of Accounting
Depositing User:	Dedhy Sulistyawan 31116
Date Deposited:	24 Feb 2020 06:56
Last Modified:	24 Mar 2021 16:20
URI:	http://repository.ubaya.ac.id/id/eprint/37408

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