The relationship between voluntary disclosure, decision making cognitive styles, and information Asymmetries: A Brunswick Leans Model Approach

Subject Areas : Management Accounting

زهرا پورزمانی ¹ , قدرت اله طالب نیا ² , احمد یعقوب نژاد ³ , علی بیات ⁴

1 - ندارد
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Received: 2012-04-10 Accepted : 2012-09-05 Published : 2014-03-13

Keywords: Voluntary Disclosure, decision styles, lens processing model, information&#x0D, &#x0D, Asymmetry,

Abstract :

Voluntary disclosure reduces information asymmetry for firms have become increasinglyValue Relevance. In this study to evaluate the different decision making styles a cognitive andbehavioral model are used. The field of this research in terms of territory subject to the"theory of information overload" and Processing "Brunswik Leans Model" is placed inbehavioral accounting. This research has a quasi-experimental method. Research period are in2012. For purposes of this study, Experimental group (176 respondents) and control group(158 respondents), were classified in the four dominant styles: directive, analytical,conceptual, and behavioral. Also, investors in terms of the brain dominant style and cognitivecomplexity so as uncertainty about the tolerance level were classified. Evidence waspresented that shows left-brain dominant style used more items on average to processinformation. Also, Behavioral decision-making style than other styles used lowest items toprocess information. Indeed The results show all styles of Experimental group have lessinformation asymmetry than the control group. This findings support the voluntary disclosureof information by companies to reduce the level of information asymmetry the market offers.

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زهرا پورزمانی، قدرت اله طالب نیا، احمد یعقوب نژاد و علی بیات
14 مجله حسابداری مدیریت / شماره نوزدهم
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