Welcome to the Extra Credit Web Site!

To earn extra credit for participating in this experiment, you must complete all of the following steps:

  1. Read the consent form and print out a copy for your records.
  2. Click on the appropriate link that follows the informed consent.
  3. Reading a short background information regarding the appointment of a new Chief Executive Officer (CEO) in a US public company and a "Letter to the Shareholders" released by the same company within the first year after the appointment of the new CEO.
  4. After reading, you are asked to complete a questionnaire (via the link below), designed to study reactions of shareholders to organizational documents.

These steps will be repeated three times throughout the semester. Each session lasts approximately 20 minutes. You will receive the extra credit after completing the third session.



You are being asked to participate in a study designed to gather information about how stock market actors react to official organizational documents. This research project was designed by the research team solely for research purposes.  No one except for the researchers will have access to any of your written responses. All responses will be kept confidential to the extent provided by the law. The responses will be confidential since no names will be associated with any of the responses.

Your participation in this project is voluntary. You do not have to answer any question(s) that you do not wish to answer. Please be advised that you may choose not to participate in this research, and you may withdraw from the study at any time. There is no penalty for non-participation. There are no direct benefits or compensations for participation, however participants will receive 1 extra credit point for participation added to your raw score (1 out of 150 possible points) after you complete the third session of the study. You will be asked to enter your last four digits of your social security number so that extra credit can be awarded to you for your participation. This will allow the research team to identify you in order to award extra credit, however it will not be enough information for individuals other than the research team to be able to identify you. There are no risks associated with your participation.

If you have any questions or comments about this research, please contact:
Angelo Fanelli
Department of Management
204 Stuzin Hall
Phone:   392-0102
email:     afanelli@ufl.edu


Supervisor of the project:

Dr. Amir Erez

Department of Management

210 Stuzin Hall

Phone: 392-3716

Email: ereza@ufl.edu


Questions or comments about the research participantsí rights contact

  UFRIB Office
  P.O. Box 112250
 University of Florida
 Gainesville, FL 32611-2250

phone: 392-0433


If you have read the procedure described above and voluntarily agree to participate in the procedure you may click on the link to the questionnaire below. Note: Clicking on this link means that you have given your consent to participate in the study and answer questions via the internet.

You may print a copy of this for your informed consent.