The role of accounting in behavioral finance

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• 作者：Andreas Hellmann ; ^{andreas.hellmann@mq.edu.au" class="auth_mail" title="E-mail the corresponding author}
• 关键词：Behavioral finance ; Behavioral accounting ; Behavioral economics ; Homo economicus ; International Financial Reporting Standards
• 刊名：Journal of Behavioral and Experimental Finance
• 出版年：2016
• 出版时间：March 2016
• 年：2016
• 卷：9
• 期：Complete
• 页码：39-42
• 全文大小：326 K

文摘

This short letter argues that insights from behavioral accounting are highly relevant for studies examining human aspects in finance. This is important because research focusing on the users of financial information and their characteristics often assumes that financial information in itself is neutral, unbiased and value-free. However, the information used by investors and capital markets participants for making economic decisions is prepared by accountants, who use their professional judgments by interpreting and applying accounting standards.