Behavioral Accounting vs. Behavioral Finance : A Comparison of the Related Research Disciplines
ISBN
978-3-640-36065-9
Type
book
Date Issued
2009
Author(s)
Breitkreuz, Robert
Abstract (De)
An economic theory which is not incorporating human behavior is not imaginable. For reasons of simplification economic models traditionally use the concept of a rational acting market participant. In order to face the inadequateness of this abstraction behavioral economic science reject the assumption of the homo economicus and adds various findings from supporting disciplines as psychology, sociology, and organizational theory. While the exploration of human behavior in finance theory has a long tradition, research in the area of psychological effects in accounting started not earlier than the mid of last century. The main intention of modern financial reporting is the supply of useful information for actual and potential investors within their decision-making process. As information processing of agents on the market for equity is part of finance theory, this is the meeting point of the two disciplines. The intention of this paper is to identify overlapping contents of behavioral research in finance and accounting. For clarification selected studies from Behavioral Finance Research (BFR) and Behavioral Accounting Research (BAR) literature will be presented and comparatively analyzed. In addition varying fields of research of both schools which are not related with each other were outlined.
Language
German
Keywords
Behavioral Accounting
behavioural
efficient market
Financial Reporting
Rechnungslegung
Verhaltenswissenschaft
Effizienzmarkttheorie
Forschungsmethoden
Kapitalmarkt
Finance
Accounting
random walk
HSG Classification
contribution to scientific community
Refereed
No
Publisher
GRIN
Publisher place
München
Volume
2008
Start page
27
Subject(s)
Division(s)
Eprints ID
68443