Understanding investment expertise and factors that influence the information processing and performance of investment experts
Document Type
Article
Abstract
To investigate the nature of investment expertise and factors affecting the information processing and performance of investment experts, this paper hypothesizes normative characteristics of investment expertise and compares such characteristics with actual characteristics documented in prior literature on the investment expert. Based on collective evidence from these sources, a model of investment expertise is proposed. Results support the existence of investment expertise in (1) the nature of knowledge, (2) problem solving and information search, and (3) performance. A variety of factors that could influence the information processing and performance of the investment expert, including personal, cognitive, and contextual elements, are also discussed in the paper and included in the proposed model of investment expertise. © 2006 Elsevier Ltd. All rights reserved.
Publication Title
Advances in Accounting Behavioral Research
Publication Date
2006
Volume
9
First Page
113
Last Page
156
ISSN
1475-1488
ISBN
9780762313532
DOI
10.1016/S1475-1488(06)09005-3
Keywords
investment expertise, information processing
Repository Citation
Tam, Kinsun; Bierstaker, James L.; and Seol, Inshik, "Understanding investment expertise and factors that influence the information processing and performance of investment experts" (2006). School of Management. 119.
https://commons.clarku.edu/faculty_school_of_management/119