Influence of decision makers' characteristics on risk analysis in strategic investment decisions
Influence of decision makers' characteristics on risk analysis in strategic investment decisions
摘要
This study empirically examines the influence of decision makers' (DMs) characteristics on risk analysis in strategic investment decisions (SIDs) of companies operating automotive industry in India. This study has developed and tested a structural model that linking select demographics, risk propensity and risk analysis in SIDs. The primary data were collected from Senior Finance Professionals (CFOs, GMs, VPs and so on) representing 36 listed automotive companies operating in India. Based on the responses collected from a single cross-sectional mailed survey, this study finds that risk propensity has a significant positive influence on the extent of usage of risk analysis in SIDs.
参考文献22
-
1Anand, M.. (2002). Corporate finance practices in India: A Survey. Vtkalpa, 27(4), 29-56.
-
2De Carolis D. M., Litzky, B. E. & Eddleston, K. A.. (2009). Why networks enhance the progress of new venture creation: The influence of social capital and cognition. Entrepreneurship Theo~ and Practice, 527-545.
-
3Efron, B. & Gong G. (1983). A leisurely look at the bootstrap, the jackknife, and cross-validation. The American Statistician, 37(1), 36-48.
-
4Efron, B.. (1979). Bootstrap methods: Another look at the Jackknife. Annals of Statistics. 7(1), 1-26.
-
5Finkelstein, S. & Hamhrick, D.. (1996). Strategic leadership. Top executives and their effects on organizations. St. Paul: West.
-
6Fomell, C. & Bookstein, F. L.. (1982). Two structural equation models: LISREL and PLS applied to consumer exit-voice theory.Journal of Marketing Research, 19. 440-452.
-
7Graham, J. R. & Harvey, C. R.. (2001). The theory and practice of corporate finance: Evidence from the field. Journal of Financial Economics, 60(2-3), 187-243.
-
8Hambrick, D. C. & Mason, P.. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193-206.
-
9Ho S. M. & Pike, R. H.. (1998). Organisational characteristics influencing the use of risk analysis in strategic capital investments. The Engineering Economist, 21(83), 227-238.
-
10Kahneman, D. & Tversky, A.. (1979). Prospect theory:An analysis of decisions under risk. Econometrica. 47, 263-91.
-
1许涛.金融脱媒条件下我国银行业应对策略探究[J].现代商贸工业,2014,26(3):120-121.
-
2Jorge Cunha Antonio Paisana.The Financing Constraints Hypothesis and Inventory Investment Decisions of Firms[J].China-USA Business Review,2011,10(12):1265-1278.
-
3U Ma Xiaohong.Important influence in the development of regional circular economy[J].中国国际财经(中英文版),2015(12):10-14.
-
4Zhang Monan.Risk Analysis on the Developed Economies' Sovereign Debt Crisis[J].China International Studies,2010,30(5):150-162.
-
5澳洲洪水催生多项巨灾风险防范措施[J].保险研究,2011(2).
-
6Yayun Li.Research on Risk Analysis and Avoidance of Private Financing[J].International Journal of Technology Management,2014(12):116-117.
-
7The Characteristics and Forms of Investment of Multinationals in China[J].China's Foreign Trade,1998(11):26-26.
-
8Collaboration for Growth And Influence[J].Beijing Review,2012,55(15):13-13.
-
9苏剑.China's Current Inflation: Characteristics, Causes and Countermeasures[J].China Economist,2011,6(4):110-118.
-
10Guo Yan.Strategic Opportunitites for Chinese Enterprises to Go Out[J].China's Foreign Trade,2012(5):8-8.