Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland
The COVID-19 pandemic has caused great turbulence in global financial markets. The first goal of this conceptual paper is to explore whether managers of companies listed on the Warsaw Stock Exchange are susceptible to selected behavioral biases related to irrational risk preferences. We also seek to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2023-03-01
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| Series: | International Journal of Management and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/ijme-2022-0033 |
| _version_ | 1797660991632179200 |
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| author | Rzeszutek Marcin Szyszka Adam Okoń Szymon |
| author_facet | Rzeszutek Marcin Szyszka Adam Okoń Szymon |
| author_sort | Rzeszutek Marcin |
| collection | DOAJ |
| description | The COVID-19 pandemic has caused great turbulence in global financial markets. The first goal of this conceptual paper is to explore whether managers of companies listed on the Warsaw Stock Exchange are susceptible to selected behavioral biases related to irrational risk preferences. We also seek to investigate whether susceptibility to these errors may affect selected management practices in the areas of corporate risk management and investment policy. The second major goal of our project is to identify whether there is a link at the micro level, that is, between the aforementioned irrational management practices resulting from susceptibility to behavioral biases and the macro level (i.e., certain macroeconomic indicators, such as aggregate investment, employment, and growth). We hope that our research project will contribute to shifting the paradigm of economics in such a way that the behavioral approach will be increasingly used and acknowledged by researchers. |
| first_indexed | 2024-03-11T18:38:00Z |
| format | Article |
| id | doaj.art-950510349dce43bf8685d996f6395b89 |
| institution | Directory Open Access Journal |
| issn | 2543-5361 |
| language | English |
| last_indexed | 2024-03-11T18:38:00Z |
| publishDate | 2023-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | International Journal of Management and Economics |
| spelling | doaj.art-950510349dce43bf8685d996f6395b892023-10-12T14:08:31ZengSciendoInternational Journal of Management and Economics2543-53612023-03-01591707610.2478/ijme-2022-0033Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in PolandRzeszutek Marcin0Szyszka Adam1Okoń Szymon21Faculty of Psychology, University of Warsaw, Warsaw, Poland.2Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland.2Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland.The COVID-19 pandemic has caused great turbulence in global financial markets. The first goal of this conceptual paper is to explore whether managers of companies listed on the Warsaw Stock Exchange are susceptible to selected behavioral biases related to irrational risk preferences. We also seek to investigate whether susceptibility to these errors may affect selected management practices in the areas of corporate risk management and investment policy. The second major goal of our project is to identify whether there is a link at the micro level, that is, between the aforementioned irrational management practices resulting from susceptibility to behavioral biases and the macro level (i.e., certain macroeconomic indicators, such as aggregate investment, employment, and growth). We hope that our research project will contribute to shifting the paradigm of economics in such a way that the behavioral approach will be increasingly used and acknowledged by researchers.https://doi.org/10.2478/ijme-2022-0033behavioral biasesbehavioral financecorporate managerscovid-19macroeconomicsg41 |
| spellingShingle | Rzeszutek Marcin Szyszka Adam Okoń Szymon Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland International Journal of Management and Economics behavioral biases behavioral finance corporate managers covid-19 macroeconomics g41 |
| title | Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland |
| title_full | Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland |
| title_fullStr | Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland |
| title_full_unstemmed | Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland |
| title_short | Behavioral biases in corporate risk management and investment decisions during the COVID-19 pandemic in Poland |
| title_sort | behavioral biases in corporate risk management and investment decisions during the covid 19 pandemic in poland |
| topic | behavioral biases behavioral finance corporate managers covid-19 macroeconomics g41 |
| url | https://doi.org/10.2478/ijme-2022-0033 |
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