Why Managers and Companies Take Risks

di Les Coleman (Autore)

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2006

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.

• Autore: Les Coleman
• Editore: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Collana: Contributions to Management Science
• Anno: 2006
• Rilegatura: Paperback / softback
• Pagine: 349 p.
• Dimensioni: 235 x 155 mm
• EAN: 9783790816952

Testo in English