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The Effect of Risk on the Use of Financial Statements by Investment Decision-Makers: A Case Study.

Haim Falk^1,2; Tsvi Ophir^1,3

¹ Hebrew University, Jerusalem 1 · ² Indiana University 2 · ³ University of Rochester 3

The article presents a case study on the effect of risk on the use of financial statements by investment decision-makers. The results of a study supported the hypothesis of a positive relationship between the declared use of financial reports by investors, as well as an assumed, theoretical, partial ordering of investments according to risk. Broad ranking in terms of major types of investments were found, including the highest degree of use which occurred with securities and loans not guaranteed by the government and not traded on the stock exchange.

DOI

10.2308/tar-4497659

Volume

48 (2)

Pages

323-338

Language

en

Export

BibTeX

Sources

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