Reader reactions to psychological perspective

2021 ◽  
Vol 10 (2) ◽  
Author(s):  
Peter Dixon ◽  
Sara Saadat ◽  
Marisa Bortolussi

Abstract In this study, we used latent variable analysis to distinguish two components of reader reactions to narrative fiction: Evaluative reaction is the extent to which a character is seen as reasonable and rational, and experiential reaction is the extent to which the reader feels similar to and identifies with the character. We found that evaluative reaction was more negative when mental access to the character was provided, while experiential reaction was decreased by the use of a first-person (as opposed to third-person) narrator. These results were explained in terms of the additional cognitive processing engendered by the these narrative techniques. In particular, we hypothesized that a paucity of mental access leads readers to make their own inferences about the character’s mental state, while the use of third-person narration leads readers to draw on their personal experience in order to appreciate the circumstances of the character.

1990 ◽  
Vol 15 (2) ◽  
pp. 183-187 ◽  
Author(s):  
Mitchell Earleywine ◽  
Peter R. Finn ◽  
Christopher S. Martin

2018 ◽  
Vol 44 (4) ◽  
pp. 478-494 ◽  
Author(s):  
Boonlert Jitmaneeroj

Purpose Corporate social responsibility (CSR) has several dimensions that are inherently unobservable or measured with errors. Due to measurement errors of CSR proxies, regression analysis seems inappropriate for investigating the relationship between CSR and firm value. Accounting for CSR measurement errors, the purpose of this paper is to use a latent variable analysis to examine whether CSR affects firm value. Design/methodology/approach This study applies a latent variable model that directly takes into account the measurement errors of CSR proxies. Moreover, the inclusion of firm-fixed effects in the model controls for time-invariant unobservable firm-specific characteristics that may drive both CSR and firm value. CSR is measured by environmental, social, and corporate governance activities. Findings Based on data of US firms between 2002 and 2014, this study finds conflicting evidence of a direct association between each CSR proxy and firm value. When all CSR proxies are incorporated into a latent variable model, CSR significantly positively impacts firm value. Therefore, CSR strategies based on a single measure of CSR or the equal weighting of CSR measures tend to underestimate the influence of CSR on firm value. Practical implications Corporate managers should enhance firm value by simultaneously engaging in environmental, social, and corporate governance activities because there is a synergistic effect with firm value. Furthermore, investors who downplay CSR factors in firm valuation can lead to significant errors in making equity investment choices. Originality/value This study presents a novel examination of the price-earnings ratio in the CSR valuation by using the latent variable model with firm-fixed effects.


2007 ◽  
Vol 26 (9) ◽  
pp. 1035-1047 ◽  
Author(s):  
Ann G. Phillips ◽  
Paul J. Silvia ◽  
Matthew J. Paradise

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