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Coleman

Why Managers and Companies Take Risks

Medium: Buch
ISBN: 978-3-7908-1695-2
Verlag: Physica-Verlag HD
Erscheinungstermin: 07.06.2006
Lieferfrist: bis zu 10 Tage

This book uses risk in its dictionary meaning as the probabiHty of an unde­ sirable outcome, and has two research questions: when managers make de­ cisions, what leads them to choose a risky alternative? and: what deter­ mines whether the decision proves correct? Answers to these questions form a model of decision making that explains the process and results of managers' risk-taking in the real world. There is an extensive literature on risk and decision making because the topic has been of interest in many disciplines since at least the 18^^ century. Thus insights on the research questions are available from studies of ani­ mals, humans and organisations; and have been drawn by scholars in biol­ ogy, psychology, finance and management. Even so, there is a large gap as most studies are conducted away from corporate settings and use subjects with limited decision experience. The few studies set in real-world condi­ tions tend to concentrate on just a single aspect of decision makers' attrib­ utes, setting and behaviour, and on either decision choices or outcomes. The empirical work in this book is designed to fill part of this gap.


Produkteigenschaften


  • Artikelnummer: 9783790816952
  • Medium: Buch
  • ISBN: 978-3-7908-1695-2
  • Verlag: Physica-Verlag HD
  • Erscheinungstermin: 07.06.2006
  • Sprache(n): Englisch
  • Auflage: 2006
  • Serie: Contributions to Management Science
  • Produktform: Kartoniert
  • Gewicht: 1120 g
  • Seiten: 349
  • Format (B x H x T): 155 x 235 x 20 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Theory of Risk and Decision Making in Management.- Behavioural Evidence on Risk and Decision Making.- Real-World Decision Making Under Risk.- Risk-Taking and Organisation Performance.- Published Models of Decision Making Under Risk.- Why Managers Take Risks.- How Companies Control Risks.- Summary and Discussion.- Risk Budget Theory.- Conclusions.