search query: @indexterm FINANCIAL LEADERSHIP / total: 29
reference: 20 / 29
| Author: | Balderston, F.E. |
| Title: | Facade and self-deception in the deteriorating financial firms |
| Journal: | California Management Review
1987 : WINTER, VOL. 29:2, p.101-111 |
| Index terms: | FINANCIAL LEADERSHIP RISK |
| Language: | eng |
| Abstract: | Financial executives and financial regulators sometimes agree to ignore facts whose overt recognition would precipitate a crisis. They use accounting facades to do this. The financial firm may also be jeopardized by executive self-deception. Two forms of this are optimistic biases and failure to canvas market alternatives adequately. The top executive officer may also exhibit a pattern of ever-accelerating risk-taking, resulting in "turbo-deterioration" of the firm, or the firm may be so organized as to induce imprudent risk-taking at subordinate levels. |
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