کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5109229 1377699 2017 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Risk-attitudes of the NSE 500 firms-Bowman's paradox and prospect theory perspectives
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Risk-attitudes of the NSE 500 firms-Bowman's paradox and prospect theory perspectives
چکیده انگلیسی
This study analyses risk-attitudes of NSE 500 firms by using Bowman's (1980) paradox from Kahneman and Tversky's (1979) prospect theory perspectives. It hypothesises that below median firms incline to be risk-seeking in light of Bowman's paradoxical negative risk-return association, and firms above the reference point level would be risk-averse. On an overall basis and also under controlled sector, size, age and risk sub-samples, Indian firms show significant presence of the prospect theory implications, and below median firms exhibit presence of Bowman's (1980) paradox. This is evidenced when firm's own and cross-sectional industry mean target return benchmarks are taken.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: IIMB Management Review - Volume 29, Issue 2, June 2017, Pages 76-89
نویسندگان
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