What question did this study set out to answer?

The study aims to assess the relevance of GAAP-based information in financial decision-making, particularly in investment screening.

The Relevance of GAAP-Based Information: A Case Study Exploring Some Uses and Limitations.

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Case study examines the role of GAAP versus non-GAAP information in investment decisions, indicating its limitations.

The study aims to assess the relevance of GAAP-based information in financial decision-making, particularly in investment screening.
Analysis of verbal protocols from professional financial analysts evaluating a NYSE-listed company.
Observation of decision-making processes during the investment screening phase.
GAAP-based information primarily serves to eliminate unattractive investment candidates.
Decision-making relies more on qualitative and disaggregated information regarding individual segments.

Bouwman et al. (1995) studied this question.

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