【3月20日】【会计学院龙马奋进——学术论坛】Limited Attention- Implications for Financial Reporting发布日期：2019-09-12 21:09:22
摘要：I develop a model to study the implications of limited attention on financial reporting. I first shed light on a fundamental trade-off between disclosing asummary versus disclosing details: although a summary contains less information about fundamentals than details, it is easier to process. Moreover, I findthat when investors' decisions are complements, reporting details together with asummary does not always dominate reporting a summary alone. The main reasonfor this surprising result is that when investors care about the decisions of others,they are induced to process details, even if doing so is very costly. By uncoveringa potential cost of reporting details, my paper contributes a novel insight into theconsequence of providing detailed information, an issue that is currently beingconsidered by the FASB in its performance disaggregation project.
讲座人简介：卢近知，来自芝加哥大学布斯商学院（University of Chicago Booth School of Business）。