2016 ◽  
Vol 12 (1) ◽  
pp. 1 ◽  
Author(s):  
Andrea Tomo ◽  
Giovanni Landi

The aim of this work is to understand the role of the Environmental, Social and Governance (ESG) paradigm in the corporate assessment by investors and the use of this paradigm as guide for managerial decision-making process by corporations. A review of the international literature is provided using five different couples of keywords on Thomson Reuters ISI Web of Knowledge research engine. The literature production increased only after the 2007 crisis and the median year of the results is 2011, thus highlighting just a recent attention to themes as ethics and corporate social responsibility. Main limitations are related to the classic limitations of literature reviews, as the choice of number and type of keywords and journals, the resulting selection of studies, the choice of relevant outcomes and the interpretation, generalization and application of results. The study provides both theoretical and practical implications: a complete review of contributions on the theme is provided; then, some insights in investors and corporations behaviors through the ESG lens, thus suggesting a more ethical and responsible behavior in investment decision-making processes.


Investment behavior of individual investors in the share market highly influenced to variety of psychological factors. All the psychological factors highly contribute for investors’ decision of allocating the surplus financial resources for different instruments and stocks in the stock market. Major psychological bias broadly classified as Heuristic Bias, Prospect Bias, Market Bias and Hardening Bias. But, in this study authors concentrated in detail to investigate the impact of Heuristic bias on the investment decision making of Indian share market investors with special focus on the representativeness, over confidence, anchoring, gambler’s fallacy and availability bias. 375 share market investors selected from different geographical areas and different share broking houses to answer structured questionnaire but response received for 310 questionnaires. Also, share broker, financial experts and regular investors informally interviewed to get in-depth knowledge on the issues related for influence of psychology on investment decision of individual investors of share market. Different behavioral variables in this study have been justified on the basis of respondents’ age, gender, geography, kind of investor, recourses for investment, amount for investment etc. Indian share market investment lagging behind just with the participation of not more than 6% of the total population due to several issues, one among is failure of both investor and share service providing agencies to understand the influence of behavioral issues and its impact on investment decision. Final justification in the present empirical paper draw by applying different statistical techniques like chi-square test, factor analysis, co-relation analysis and ANOVA techniques of SPPS 20. This research attempt may be highly helpful for both the investors and financial service providers to reconstruct strategies after considering behavioral issues and its impact on investment.


1992 ◽  
Vol 11 (5-6) ◽  
pp. 369-377 ◽  
Author(s):  
Stephen B. Knouse ◽  
Robert A. Giacalone

Author(s):  
Douglas M. Amedeo ◽  
Reginald G. Golledge

Three foci and combinations of them constitute the basis for nearly all of EPBG’s concerns: human activities, human experiences, and all forms of empirical surroundings. With these as fundamentals, this specialization is viewed as a working framework for exploring situations of people engaged in activities and having experiences in ordinary spatial and/or environmental contexts (Goody and Gold 1985, 1987; Aitken et al. 1989; Golledge and Timmermans 1990a, b; Aitken 1991, 1992; Kitchin 1996). For at least the 1960s and 1970s, common ways of exploring human geographic issues entailed framing them as spatial-like representations for observation and study. The main focus was on structural features of spatial patterns such as density differences, dispersions, clusters, arrangements, shapes, configurations, connectivities, and spatial hierarchies, among others, and the typical research goal was to describe and account for those features over time (Amedeo and Golledge 1986; Abler et al. 1971; Haggett 1966; Haggett and Chorley 1969). The reasoning employed in works such as these followed the ways in which the issues themselves were represented. It included examinations and evaluations of spatial co-variances, distance-decay regularities, contagious and competitive effects in spatial diffusions, spatial clustering in regionalizing and in regional ecologies, and more general applications of process-form type arguments. These approaches were largely structural in perspective and had few, if any, provisions for consideration of individual behavior and experience. Concurrent with this spatial-structural perspective, however, efforts were also being devoted to understanding human decision-making in spatial contexts. Consumer choices in market places, industrial and retail location decisions, trip determinations, competitive decision-making in space, and spatial-allocation determinations were some of the main topics investigated (Golledge and Stimson 1997). This emphasis on spatial decision-making no doubt generated the impulse for further behavioral research in geography. It did so largely through the effects of its successes and limitations, both of which provided many opportunities for thoughtful criticisms and explorations into additional behavioral issues. Its successes demonstrated that knowledge about people acting in spatial contexts could be gained by focusing on individuals as spatial decision-makers and studying their concomitant spatial search and learning processes (Golledge 1969; Golledge and Brown 1967; Gould 1965).


2018 ◽  
Vol 41 ◽  
Author(s):  
Patrick Simen ◽  
Fuat Balcı

AbstractRahnev & Denison (R&D) argue against normative theories and in favor of a more descriptive “standard observer model” of perceptual decision making. We agree with the authors in many respects, but we argue that optimality (specifically, reward-rate maximization) has proved demonstrably useful as a hypothesis, contrary to the authors’ claims.


2018 ◽  
Vol 41 ◽  
Author(s):  
David Danks

AbstractThe target article uses a mathematical framework derived from Bayesian decision making to demonstrate suboptimal decision making but then attributes psychological reality to the framework components. Rahnev & Denison's (R&D) positive proposal thus risks ignoring plausible psychological theories that could implement complex perceptual decision making. We must be careful not to slide from success with an analytical tool to the reality of the tool components.


2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.


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