The Effectiveness of Graphics in Disclosing Quantitative Information on Market Risk: An Experimental Investigation
DOI:
https://doi.org/10.66674/v6rjp785Abstract
The effectiveness of graphics in disclosing quantitative information on market risk is examined using an experimental study. Two groups of postgraduate students are presented with an extract of a firm's annual report containing information on market risk. One group of subjects are presented with purely narrative disclosure, the other with a narrative disclosure supplemented with a graphical display. The results from the experiment demonstrate the superiority of graphical supplemented market risk disclosure format over purely narrative on four factors; predictive accuracy, confidence level of the prediction, task easiness and report comprehensibility.
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Copyright (c) 1997 Peter Casson, Sofri Yahya (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant Capital Markets Review the right of first publication. Articles are published under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence: https://creativecommons.org/licenses/by/4.0/. This licence permits sharing and adaptation for any purpose, including commercial use, provided appropriate credit is given, a link to the licence is supplied and any changes are indicated. Third-party material excluded from the article's licence must be clearly identified, and authors are responsible for obtaining any required permission.
