This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate a questionnaire-based stock price forecast competition among 196 undergraduate students in business administration. We show that placebic information increases the perceived...

Ecologically and socially responsible financial products and services are receiving considerable attention in the context of investment management and also in the public debate. While many financial service providers claim to offer ecologically and/or socially responsible financial products...

This study analyzes investors’ perception of different amounts of information and its impact on stock price estimates. We initiate a questionnaire-based stock price forecast competition among 196 undergraduate students in business administration. We show that providing more information...

The traditional information paradigm postulates that increasing the amount of information and establishing full transparency helps consumers with their decisions. We challenge this assumption and address criteria that good consumer information needs to fulfil. Based on the findings from research...