Retail Investors’ Perceptions of the Decision-Usefulness of Economic Performance, Governance, and Corporate Social Responsibility Disclosures

• DOI: 10.2308/bria.2011.23.1.109
• Publication Date: 2011-01-28T23:38:52Z
• Authors: Jeffrey Cohen; Lori Holder-Webb; Leda Nath; David Wood
• Keywords: 0502 economics and business; 05 social sciences; 10. No inequality; 12. Responsible consumption

ABSTRACT: Academic literature and the business press have placed increased attention on corporate disclosure of nonfinancial information. This study uses a survey 750 retail investors to examine perceptions about indicators economic performance, governance policies social responsibility. Survey results indicate that currently are most concerned with performance information, followed by governance, then responsibility Those respondents who hold socially responsible investments use more all three types information than do not investments. Further, clearly prefer obtain from third-party source an audited or regulated document, while they both sources garner performance. Respondents expressed interest in increasing their future. When were asked specific had greatest using future, such as market share, customer satisfaction, product innovation predominant.