search query: @author Moreno, K. / total: 3
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| Author: | Moreno, K. Kida, T. Smith, J.F. |
| Title: | The impact of affective reactions on risky decision making in accounting contexts |
| Journal: | Journal of Accounting Research
2002 : DEC, VOL. 40:5, p. 1331-1349 |
| Index terms: | Capital budgeting Decision making Emotions Risk behaviour |
| Language: | eng |
| Abstract: | This study examines whether managers' affective reactions influence their risk-taking tendencies in capital budgeting decisions. Prior research on risky decision making indicates that decision makers are often risk averse when choosing among alternatives that yield potential gains, and risk taking when the alternatives yield losses. The results show that negative or positive affective reactions can change this commonly found risky behaviour. Managers were generally risk avoiding (taking) for gains (losses) in the absence of affective reactions, as predicted by prospect theory. |
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