Why Managers and Companies Take Risks

• Main Author: Coleman, Les (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Heidelberg : Physica-Verlag HD, 2006.
• Series: Contributions to Management Science,
• Subjects: Business.; Management science.; Finance.; Business and Management.; Business and Management, general.; Finance, general.

The book answers a simple question: when managers and companies face a decision with two outcomes that are safe and risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk and decision making by managers. The book then gathers real-w...

Table of Contents:

• Theory of Risk and Decision Making in Management
• Behavioural Evidence on Risk and Decision Making
• Real-World Decision Making Under Risk
• Risk-Taking and Organisation Performance
• Published Models of Decision Making Under Risk
• Why Managers Take Risks
• How Companies Control Risks
• Summary and Discussion
• Risk Budget Theory
• Conclusions.