Hello everybody,
I conducted an experiment aiming to unfold nonprofessional investors' investment decisions to a treatment. I have two subsamples: MBA students and CEOs/CFOs.
Does anyone know any published articles using CEOs and CFOs as proxy for nonprofessional investors or comparing CEOs and CFOs and MBA students as investor surrogates?
The only one I found, who uses both groups is:
Hofstedt (1972): Some Behavioral Parameters of Financial Analysis, The Accounting Review.
Thank you very much and have a good start for the weekend!
Jannik
Very interesting subject of study. Look forward to your findings.
I remember Frank Hodge from Foster UW dealt with the proxies for professional vs. non-professional investors. Maybe he can point you to some references.
Article The Impact of Expertise and Investment Familiarity on Invest...
Take a look at this article and its a great example of how to do this type research in question. you will be hard pressed to find an experiment that duplicates CEO and non professional conditions exactly but the theory from this paper can be applied and extended.
Article A comparative analysis of information search and evaluation ...
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