This paper is the first to use the WeChat platform, one of the largest social networks, to conduct an online experiment of artificial investment games. We investigate how people's forecasts about the financial market and investment decisions are shaped by whether they can observe others'...

Forecasts are vital to every business organization and are key inputs to business decisions such as budgeting, compensation and financial reporting. In this study, we use an abstract experiment to examine how the extent of disaggregation in a management forecast interacts with performance-based...

This study examines whether analysts in the extractive industries in Australia adjust their private information searching and processing in response to the complexity of information about a firm's exploration and evaluation (E&E) activities. We find that both the proportion of private...