Behavioral Implications of the SEC Market Risk Disclosures
University of Texas
Mary Lea McAnally
Texas A&M University - Department of Accounting
Leslie D. Hodder
Indiana University Bloomington - Department of Accounting
In this paper, we draw on judgment and decision making research to examine the behavioral implications of the SEC's Financial Reporting Release No. 48 on derivative and market risk disclosures. While these disclosures have been examined from an empirical point of view, no research has investigated how these disclosures might affect the users. The purpose of our paper is to identify and analyze the behavioral implications of the new risk disclosures. We draw on research done in the judgment and decision making arena to analyze the likely behavioral consequences of these disclosures. Our paper identifies a number of areas for future research on the important topic of market risk.
Number of Pages in PDF File: 38
JEL Classification: M41, M45working papers series
Date posted: March 10, 2000
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