Leveling the playing field for less-sophisticated non-professional investors: Does plain English matter?
Purpose - The purpose of this paper is to explore how non-professional investors (NPIs) with varying levels of financial sophistication interpret and perceive corporate disclosures and management credibility, specifically risk factors, when those disclosures are presented in readable and less-readab...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2017-11-01
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| Series: | Journal of Capital Markets Studies |
| Subjects: | |
| Online Access: | https://www.emeraldinsight.com/doi/pdfplus/10.1108/JCMS-10-2017-004 |