Value Is in the Eye of the Owner

2011 ◽  
Vol 25 (3) ◽  
pp. 280-297 ◽  
Author(s):  
Thomas Markus Zellweger ◽  
Tobias Dehlen
Keyword(s):  
Cognitive Psychology ◽  
Firm Value ◽  
Corporate Ownership ◽  
Socioemotional Wealth ◽  
Value Perceptions ◽  
Subjective Value ◽  
Valuation Process ◽  
Affect Infusion Model ◽  
Firm Owners ◽  
The Relationship

Drawing on the affect infusion model from cognitive psychology, the authors develop a conceptual framework that explains how affect related to corporate ownership influences the formation of socioemotional wealth perceptions among family firm owners, reflected in altered subjective value perceptions for the ownership stake. The authors explore target, personal, and situational features in the subjective valuation process for the ownership stake and explain how these factors mediate the relationship between affect and socioemotional wealth perceptions. They further the understanding about the level of bias in family owners’ subjective firm value assessments and offer new approaches for socioemotional wealth research.

scholarly journals Do delusions have and give meaning?

2021 ◽  
Author(s):  
Rosa Ritunnano ◽  
Lisa Bortolotti
Keyword(s):  
Cognitive Psychology ◽  
Psychotic Symptoms ◽  
Philosophical Perspective ◽  
Philosophical Literature ◽  
Psychiatric Conditions ◽  
The Relationship ◽  
Phenomenological Psychopathology

AbstractDelusions are often portrayed as paradigmatic instances of incomprehensibility and meaninglessness. Here we investigate the relationship between delusions and meaning from a philosophical perspective, integrating arguments and evidence from cognitive psychology and phenomenological psychopathology. We review some of the empirical and philosophical literature relevant to two claims about delusions and meaning: (1) delusions are meaningful, despite being described as irrational and implausible beliefs; (2) some delusions can also enhance the sense that one’s life is meaningful, supporting agency and creativity in some circumstances. Delusions are not incomprehensible representations of reality. Rather, they can help make sense of one’s unusual experiences and in some circumstances even support one’s endeavours, albeit temporarily and imperfectly. Acknowledging that delusions have meaning and can also give meaning to people’s lives has implications for our understanding of psychotic symptoms and for addressing the stigma associated with psychiatric conditions.

scholarly journals Auditors, Underwriters, and Firm Owners’ Interaction in an IPO Environment: The Case of OECD Nations

2021 ◽  
Vol 13 (11) ◽  
pp. 6281
Author(s):  
Sheela Sundarasen ◽  
Kamilah Kamaludin ◽  
Izani Ibrahim ◽  
Usha Rajagopalan ◽  
Nevi Danila
Keyword(s):  
Positive Impact ◽  
Common Law ◽  
Civil Law ◽  
Least Square ◽  
Interactive Effects ◽  
Cross Sectional ◽  
Key Stakeholders ◽  
Research Findings ◽  
Firm Owners ◽  
The Relationship

This study explores the effects of interactions among key stakeholders, i.e., auditors, underwriters, and firm owners on IPOs’ first-day returns in selected OECD nations. It also examines the alteration effects of legal origin (Common law and Civil law) on the relationship between the interacted key stakeholders and IPOs’ first-day returns. A total of four thousand one hundred and sixty-four IPOs from twenty-eight OECD nations are included in this study. Since it is cross-sectional data, a two-stage least square regression is applied. The empirical outcomes indicate that, in general, the interacted reputable underwriters and auditors have a positive impact on IPOs’ first-day return. The relationship is modified between common law and civil law nations, whereby in civil law nations, no significance is demonstrated except for the interaction between the reputable auditors and underwriters. In the common law nation, interactions between reputable auditors and ownership retention have an impact on IPOs’ first-day return. The research findings provide outlooks into an IPO framework for issuers, investors, and regulators. Issuers may want to weigh carefully the costs and benefits of hiring credible auditors and underwriters when going public as they act as signaling agents. As for the investors, they should take into consideration the involvement of reputable underwriters and auditors and the degree to which the IPO firms retain ownership, as the interactive effects give clear signals on firm valuation and IPOs’ first-day returns. Regulators may find the findings informative concerning the creation of a more organized regulatory and financial system that could lead to a deeper and more open financial market.

When Is More Better?

2005 ◽  
Vol 14 (5) ◽  
pp. 234-237 ◽  
Author(s):  
Christopher K. Hsee ◽  
Yuval Rottenstreich ◽  
Zhixing Xiao
Keyword(s):  
Subjective Value ◽  
The Relationship

We examine three determinants of the relationship between the magnitude of a stimulus and a person's subjective “value” of that stimulus: the process by which value is assessed (either by feeling or by calculation), the evaluability of the relevant magnitude variable (whether the desirability of a given level of that variable can be evaluated independently), and the mode of evaluation (whether stimuli are encountered and evaluated jointly or separately). Reliance on feeling, lack of evaluability, and separate evaluation lead to insensitivity to magnitude. An analysis invoking these factors provides a novel account for why people typically become less sensitive to changes in the magnitude of a stimulus as magnitude increases.

The Relationship Among Managerial Sentiment, Corporate Investment, and Firm Value: Evidence from Taiwan

2011 ◽  
Vol 47 (2) ◽  
pp. 99-111 ◽  
Author(s):  
Hsiao-Fen Hsiao ◽  
Chuan-Ying Hsu ◽  
Chun-An Li ◽  
Ai-Chi Hsu
Keyword(s):  
Firm Value ◽  
Corporate Investment ◽  
The Relationship

Overcoming Barriers To a Cognitive Psychology of Religion

2000 ◽  
Vol 12 (1-4) ◽  
pp. 141-161
Author(s):  
Robert N. Mccauley
Keyword(s):  
Cognitive Psychology ◽  
Psychology Of Religion ◽  
Cognitive Approach ◽  
The Face ◽  
Cognitive Approaches ◽  
Relationship Of ◽  
The Relationship

AbstractThe aims of this paper are to identify three barriers to the development of cognitive approaches to the study of religion and to suggest how each might be circumvented. The first of these barriers is methodological and lurks amid two issues that, historically, have dominated anthropologists' reflections on the relationship of their discipline to psychology. The older of the two can be characterized as the "psychic unity" controversy (see Shore 1995). The second issue is the controversy over the "autonomy of culture". Advocates of the latter thesis are usually unsympathetic to psychological explanations of religious phenomena. In the first section, I shall begin by briefly examining each of those issues and then exploring the connections between the two as well as interesting logical tensions that arise in the face of popular responses to each. In section two, I shall consider a pair of barriers to a cognitive psychology of religion rooted in two strategies that have dominated many psychologists' approaches to the study of religion. I will argue that for some purposes, at least, both strategies should be relaxed. Finally, in section three, I shall briefly sketch one sort of cognitive approach to religious phenomena, suggesting how it handles the two strategic barriers in particular.

Psychological Characteristics of Cognition of Environmental Sculpture Information

2011 ◽  
Vol 187 ◽  
pp. 522-527
Author(s):  
He Yang
Keyword(s):  
Cognitive Psychology ◽  
Cognitive Science ◽  
Urban Culture ◽  
Space Environment ◽  
Psychological Characteristics ◽  
Architectural Language ◽  
Psychology Perspective ◽  
Integral Element ◽  
The Relationship

As an integral element of the space environment, the environmental sculpture plays an important role in the decoration of space environment, the expression of urban culture and reflection of the city's character, etc. Environmental sculpture is a visible symbol independent and outside of the sign of nature or architectural language, which has become an important cultural carrier between the communication of environment and people. From the perspective of cognitive science, this paper analyzes the relationship between people, environment and environmental sculpture to explore the psychological characteristics of cognition of environmental sculpture and examines, analyzes and interprets the phenomenon of environmental sculpture from the cognitive psychology perspective, which brings some enlightenment for the design of environment sculpture.

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