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Financial analysts' evaluation of enhanced disclosure of non-financial performance indicators

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  • Coram, Paul J.
  • Mock, Theodore J.
  • Monroe, Gary S.

Abstract

This study examines whether enhanced disclosure of non-financial performance indicators influences financial analysts’ decision processes and the information they pay attention to when performing stock-price valuations. These questions are addressed through a verbal protocol study that examines the information-processing behaviours and types of information used by analysts in valuing companies. The protocol analysis provides a detailed, descriptive analysis of the use of non-financial performance indicators in this task.

Suggested Citation

  • Coram, Paul J. & Mock, Theodore J. & Monroe, Gary S., 2011. "Financial analysts' evaluation of enhanced disclosure of non-financial performance indicators," The British Accounting Review, Elsevier, vol. 43(2), pages 87-101.
    • Handle: RePEc:eee:bracre:v:43:y:2011:i:2:p:87-101
    DOI: 10.1016/j.bar.2011.02.001
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