Electronic Resource

Article - The impact of financial accounting disclosures on investors’ reactions towards bad news: The moderating role of investors’ sentiments Volume 11, Issue 2 2228087

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This paper examines the influence of financial accounting disclosures
(FAD) on the investors’ reactions towards bad news (IRBN), and analytically
assesses the moderation effect of the individual investor’s sentiments particularly”
Subjective norms” on that relationship in project-based organizations (PBOs) listed
in the UAE financial markets from a financial, and psychological perspective.

Structural equation modelling (SEM) was used to analyse 310 completed question-
naires using Statistical Package for Social Sciences (SPSS) and Analysis of Moment

Structures (AMOS) by multiple regression, path, and moderation analysis. Findings
show that four dimensions of the studied FAD have a direct positive impact on the
IRBN except for the external auditing and audit service (EAUS). Results also revealed
that the subjective norms have a moderating impact on the relationship between
FAD and the IRBN. Academically, this research contributes to both the reasoned

action theory and the agency theory and satisfies an important gap in FAD litera-
ture. Practically, organizations, policymakers, and officials can use the findings of

reliable and valid measurements of FAD, IRBN, and investors’ sentiment items to
control and develop purposes, as IRBN can be controlled by healthy communication
tools via different disclosure channels and healthy disclosure content. Investor
Relations (IR) managers can realize if the desired disclosure is well comprehended
in investors’ awareness, trust, intention, and perceptual reaction. It is one of the
first empirical studies to establish a model illustrating the relationships between
FAD, Subjective norms, and IRBN. The proposed model comprises processes and
practices that could be used to enhance the decision-making process of investors
and control their reactions that impact PBOs in the United Arab Emirates (UAE).

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

657.3 HUS i

Penerbit

: Taylor & Francis Inc.., 2023

Deskripsi Fisik

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Bahasa

English

ISBN/ISSN

2332-2039

Klasifikasi

657.3 HUS i

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Volume 11, Issue 2, 2228087

Subjek

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Info Detail Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

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