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Human Resource Accounting Information: A Reply Concerning Demand Characteristics.

The Accounting Review 1979 54(1), 211-214
The article presents a reply by the author of an article related to human resource accounting information to the comments made by Professor of accounting, Doug Snowball. According to the author, Snowball's first DC concern is the use of student subjects. He asserts that student subjects often have participated previously in laboratory experiments and, thus, are likely to view them as games in which their task is to determine the true purpose of the experiment. The subjects' knowledge of the experimental purpose then may cause them to give biased responses to contribute to the "success" of the study. The above reasoning is unsound in relation to business laboratory experiments. In the discipline of psychology, student subjects may have had frequent prior exposure to laboratory experiments because of the large number of experiments conducted. Prior exposure to business laboratory experiments is unlikely because relatively few laboratory experiments have been conducted.

The Impact of Human Resource Accounting Information on Stock Investment Decisions: An Empirical Study.

The Accounting Review 1976 51(2), 292-305
This paper reported on an experiment designed to answer two questions. Firstly, does human resource accounting information affect stock investment decisions? Secondly, why might human resource accounting information affect stock investment decisions? Related to the first question, in this experiment stock investment decisions were affected by the addition of human resource accounting information to conventional accounting information. Concerning second question, the results of this experiment indicate that the degree of openness of the belief system is not important in explaining decision differences when human resource accounting information is added to conventional accounting information. In conclusion, this research is based on an experiment. The administration of such an experiment occurs under somewhat artificial conditions. Because this study was an experiment using graduate students as subjects, the conclusions of this study cannot be generalized to other decision situations or statement user groups. However, the favorable results of this experiment should justify the additional research that would permit more general conclusions.