An investigation of the use of verbal and numerical probability expressions in bank lending decisions
The focus of this research is on management's communication of uncertainty (attested to by auditors) and the potential for miscommunication due to the communication mode used in accounting disclosures. The following two research questions are addressed: First, do users of financial statements differentiate between the three levels of uncertainty from SFAS No. 5 when either specific verbal expressions or corresponding numerical probability ranges are used? Second, are there decision or judgment differences when numerical probabilities replace verbal expressions in communicating these uncertainties?
Authors: | Capriotti, Kim Boylan |
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Publisher: |
Florida State University Libraries |
Subject: | Business Administration | Accounting | Banking |
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