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Author: Kristina C. Demek Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
I use an experiment to examine how varying levels of similar or dissimilar detail between risk oversight disclosures influences nonprofessional investors' judgments and decisions. Investors evaluate the risk oversight disclosures of two firms that have different levels of risk exposure but the same risk governance practices. Drawing from research in psychology, I predict and find that more detailed disclosures have a greater persuasive influence on investors' (1) perceptions of the board's involvement in risk oversight, (2) perceptions of the board and management's effectiveness at managing risks, and (3) investment decisions. Investors' risk perceptions and investment decisions are greater for the low-risk firm relative to the high-risk firm, except when the low-risk firm's risk oversight disclosure contains less detail than the high-risk firm's disclosure, suggesting that detail within risk oversight disclosures can influence investors' perceptions of risk governance beyond the underlying risk characteristics of the firm. Results have implications for investors, regulators, managers, and boards.
Author: Kristina C. Demek Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
I use an experiment to examine how varying levels of similar or dissimilar detail between risk oversight disclosures influences nonprofessional investors' judgments and decisions. Investors evaluate the risk oversight disclosures of two firms that have different levels of risk exposure but the same risk governance practices. Drawing from research in psychology, I predict and find that more detailed disclosures have a greater persuasive influence on investors' (1) perceptions of the board's involvement in risk oversight, (2) perceptions of the board and management's effectiveness at managing risks, and (3) investment decisions. Investors' risk perceptions and investment decisions are greater for the low-risk firm relative to the high-risk firm, except when the low-risk firm's risk oversight disclosure contains less detail than the high-risk firm's disclosure, suggesting that detail within risk oversight disclosures can influence investors' perceptions of risk governance beyond the underlying risk characteristics of the firm. Results have implications for investors, regulators, managers, and boards.
Author: Shadnan Khan Publisher: ISBN: Category : Languages : en Pages : 20
Book Description
The purpose of this paper is to assess the financial literacy and financial knowledge of the individual and professional investors who invest in the local market. In additions, it examines the relationship between financial literacy, financial knowledge and the influence of risk perception that effect investment decision. The survey was conducted on different investors of Rawalpindi and Islamabad. Data was collected from 257 personnel using adopted questionnaires consisting of measuring each variable on five point likert scale. For data analysis statistical tools such as correlation and regression were tested using SPSS. Result indicates that there is significant positive relationship between financial literacy, financial knowledge, risk perception and investment decision. However, the demographic factors such as gender and age are negatively associated with to investment decision. The current study is considered the first of its kind conducted in Pakistan. To the best of my knowledge, no such studies have been conducting regarding measuring financial literacy, financial knowledge and risk perception or the relationship between financial literacy, financial knowledge level and risk perception that influence investment decisions.
Author: Elżbieta Kubińska Publisher: Taylor & Francis ISBN: 1003856071 Category : Business & Economics Languages : en Pages : 198
Book Description
Due to swift technological change and the resultant digital revolution, a wide range of new digital financial products and services have emerged in the financial markets, as witnessed in the context of the FinTech sector, the economics of blockchain and NFT issuance. This book takes an in-depth look at the challenges faced by individuals making investment decisions in a rapidly changing financial world and presents a concise and thorough overview of the multifaceted approach to investment and savings behavior. It explores behavioral digital finance, referencing the latest theories in economic psychology and financial markets and provides an analysis of the process of saving and investing in the context of our new digital reality, where an understanding of human – AI interaction, its benefits and threats is extremely important. It combines an accessible overview of classical and new behavioral theories, models of financial decision making as well as an analysis of the new trends in financial decision making. Special attention is given to financial decision support systems and the role of financial advice services, which are of growing importance, due to their increasing complexity and difficulty. The book combines theoretical considerations and wide-reaching empirical analyses from a representative sample of international respondents. It deals with the individual approach to human risk-taking, and human – AI interaction, its benefits, and threats. The book explores how people react to algorithms, what drives algorithm aversion and appreciation, and how understanding of those mechanisms can be employed to improve financial advisory systems, and also considers the impact of the Covid-19 pandemic on financial behavior.
Author: Jan Bebbington Publisher: Routledge ISBN: 0429620950 Category : Business & Economics Languages : en Pages : 544
Book Description
This handbook showcases the broad spectrum of diverse approaches to environmental accounting which have developed during the last 30 years across the globe. The volume covers a range of physical issues such as water, carbon and biodiversity, as well as specific accounting matters such as management control, finance and audit. Moreover, seven chapters present environmental accounting issues that arise in the regions of Africa, Asia, Europe, MENA, North America, the Pacific and South America. The handbook also highlights future challenges in all the topic areas addressed as well as introducing new topics, such as links between environmental accounting and the circular economy, and the issues associated with animal rights. Edited by leading scholars in the area and with key contributions from across the discipline, and covering a diverse range of perspectives and locations, the volume is divided into five key parts: • Part 1: Framing the issues • Part 2: Financial accounting and reporting • Part 3: Management accounting • Part 4: Global and local perspectives • Part 5: Thematic topics in environmental accounting This handbook will act as a significant publication in drawing together the history of the field and important reference points in its future development, and will serve as a vital resource for students and scholars of environmental accounting and environmental economics.
Author: Dr. Maloth Raghu Ram Publisher: Readworthy ISBN: 9381510830 Category : Business & Economics Languages : en Pages : 192
Book Description
Capital Structure decision is one of the crucial decisions to be taken by a company. There are divergent views regarding Capital Structure and Firm Value. There is dearth of studies in the area of Pharma Industry regarding Capital Structure and Firm Value. Therefore, the present study seeks to answer the following questions: what are the factors determining the Capital Structure decision in Pharma sector in India? What is the relationship between select variable and company value? What is the impact of leverage on stock price volatility of Pharma Companies? Period of the study is eleven years from 2005 to 2015. The panel data regression model has been employed. It can be concluded that Debt-Equity Ratio has negative impact on capital structure of a company. It was revealed from the findings that majority of the select variables have significant impact on the capital structure. The study also brings to light the fact that leverage effect is dominant in the stock market. Findings of the present study are useful in gaining valuable insights into the intricacies of capital structure, firm value and leverage effect. The study is useful to finance managers, investors, researchers and also to academicians doing research in the area of corporate finance.
Author: Burcu Özcan Publisher: Academic Press ISBN: 0128167971 Category : Business & Economics Languages : en Pages : 162
Book Description
Environmental Kuznets Curve (EKC): A Manual provides a comprehensive summary of the EKC, summarizing work on this economic tool that can analyze environmental pollution problems. By enabling users to reconcile environmental and economic development policies, Environmental Kuznets Curve studies lend themselves to the investigation of the energy-growth and finance-energy nexus. The book obviates a dependence on outmoded tools, such as carrying capacity, externalities, ecosystem valuation and cost benefit analysis, while also encouraging flexible approaches to a variety of challenges. Provides a comprehensive summary of EKC studies, including advances in econometrics, literature reviews and historical perspectives Outlines solutions to common problems in applying EKC techniques by reviewing major case studies Explores frequently-utilized proxies for environmental quality
Author: SINGH, RANJIT Publisher: PHI Learning Pvt. Ltd. ISBN: 9389347130 Category : Business & Economics Languages : en Pages : 216
Book Description
Behavioural Finance is a comprehensive textbook intended especially for the management students. It has been designed to polish their decision-making skills in the context of finance and investment decisions. The book provides a balanced presentation of theoretical concepts of behavioural finance and their practical orientation. This book emphasises the application of concepts through case studies and suitable examples in local context. The textbook deals with the concepts of behavioural finance along with its specialised sub-areas. Apart from providing a basic understanding of the concepts in behavioural finance, the book extensively covers the new developments in the area of behavioural finance. Recent researches in different sub-areas of behavioural finance are also given in the “Learning Centre” section on our website www.phindia.com for the benefit of budding scholars. Each chapter starts with a quotation to sensitise readers with the theme of the chapter. To facilitate the understanding of concepts in behavioural finance, the text in each chapter is interspersed with suitable examples. In every chapter, real life case studies are given which again make the book very lucid and understandable. Besides, the learning objectives and introduction that unfold the chapter, the summary at each chapter-end to provide an eagle's eye to the topics discussed are also given. With every chapter, student activities, topics for group discussion, student assignment, and review questions are given to facilitate revision. To assist the readers traverse through the chapters without missing crucial details, the chapters are provided with a number of side-boxes that collect the essence of important sections. PowerPoint slides are available for the instructors who adopt this textbook. TARGET AUDIENCE • Students of MBA/PGDM
Author: Tomasz Zaleskiewicz Publisher: Springer Nature ISBN: 3030455009 Category : Psychology Languages : en Pages : 367
Book Description
This book reviews the latest research from psychology, neuroscience, and behavioral economics evaluating how people make financial choices in real-life circumstances. The volume is divided into three sections investigating financial decision making at the level of the brain, the level of an individual decision maker, and the level of the society, concluding with a discussion of the implications for further research. Among the topics discussed: Neural and hormonal bases of financial decision making Personality, cognitive abilities, emotions, and financial decisions Aging and financial decision making Coping methods for making financial choices under uncertainty Stock market crashes and market bubbles Psychological perspectives on borrowing, paying taxes, gambling, and charitable giving Psychological Perspectives on Financial Decision Making is a useful reference for researchers both in and outside of psychology, including decision-making experts, consumer psychologists, and behavioral economists.
Author: Kristina C. Demek
Author: Kristina C. Demek
Author: Anita Reed
Author: Shadnan Khan
Author: Elżbieta Kubińska
Author: Jan Bebbington
Author: Dr. Maloth Raghu Ram 
Author: Muddassar Sarfraz
Author: Burcu Özcan
Author: SINGH, RANJIT
Author: Tomasz Zaleskiewicz