Managers’ Propensity to Take Risk in Project Selection Decisions: the Effect of Payoff Magnitude
| Autor: | Kevin Baird, Sujatha Perera, Ting Ting Meng |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2008 |
| Předmět: | |
| Zdroj: | Australasian Accounting, Business and Finance Journal, Vol 2, Iss 4, Pp 53-69 (2008) |
| Druh dokumentu: | article |
| ISSN: | 1834-2000 1834-2019 |
| Popis: | This paper examines the factors that influence managers’ propensity to take risk in projectselection decision contexts with a special focus on payoff magnitude as an influencing factor.This study utilises an experimental research design to examine this relationship in a projectselection context. The results reveal that there is an inverse relationship between payoffmagnitude and the participants’ propensity to take risk with individuals becoming more riskaverse as the level of payoff magnitude increases. The study also provides an insight into the keyfactors considered by risk averse and risk taking managers when making project selectiondecisions. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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