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dc.contributor.advisorHodge, Franken_US
dc.contributor.authorDemek, Kristinaen_US
dc.date.accessioned2014-10-20T23:40:27Z
dc.date.submitted2014en_US
dc.identifier.otherDemek_washington_0250E_13605.pdfen_US
dc.identifier.urihttp://hdl.handle.net/1773/26978
dc.descriptionThesis (Ph.D.)--University of Washington, 2014en_US
dc.description.abstractI use an experiment to examine how varying levels of similar or dissimilar detail between risk oversight disclosures influences nonprofessional investors' judgments and decisions. Investors evaluate the risk oversight disclosures of two firms that have different levels of risk exposure but the same risk governance practices. Drawing from research in psychology, I predict and find that more detailed disclosures have a greater persuasive influence on investors' (1) perceptions of the board's involvement in risk oversight, (2) perceptions of the board and management's effectiveness at managing risks, and (3) investment decisions. Investors' risk perceptions and investment decisions are greater for the low-risk firm relative to the high-risk firm, except when the low-risk firm's risk oversight disclosure contains less detail than the high-risk firm's disclosure, suggesting that detail within risk oversight disclosures can influence investors' perceptions of risk governance beyond the underlying risk characteristics of the firm. Results have implications for investors, regulators, managers, and boards.en_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoen_USen_US
dc.rightsCopyright is held by the individual authors.en_US
dc.subjectInvestment decisions; Level of detail; Risk management; Risk oversight; Risk perceptionsen_US
dc.subject.otherAccountingen_US
dc.subject.otherbusiness administrationen_US
dc.titleExamining the Effects of Varying Levels of Similar or Dissimilar Detail on Investors' Risk Perceptions and Investment Decisionsen_US
dc.typeThesisen_US
dc.embargo.termsRestrict to UW for 5 years -- then make Open Accessen_US
dc.embargo.lift2019-09-24T23:40:27Z


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