scholarly journals Control and the illusion of control in the financial decisions of entrepreneurs

2018 ◽  
Vol 4 (2) ◽  
pp. 19-30
Author(s):  
Joanna Chudzian ◽  
Ada Ładno ◽  
Olga Podlińska
Keyword(s):  
Decision Making ◽  
Illusion Of Control ◽  
Primary Study ◽  
Financial Decisions ◽  
Factors Influencing ◽  
Main Factors ◽  
Main Determinants

The article concerns the phenomenon of control and illusion of control In financial decisions of Polish enterprises. The article identifies the main determinants of the illusion of control. The aim of the paper is to assess the level of control and the degree of illusion of control. For this purpose a CAWI survey was conducted on a group of persons employed in enterprises and responsible for financial decisions. The empirical part of the article presents an primary study conducted among financial directors which showed high results of surveyed entrepreneurs in the area of control and the observed phenomenon of the illusion of control in decision-making situations in the field of finance. At the same time, the main factors influencing the level of the illusion of control were verified.

scholarly journals Earnings Indicators under the Condition of Globalization

2020 ◽  
Vol 74 ◽  
pp. 01031
Author(s):  
Anna Siekelova ◽  
Ivana Podhorska
Keyword(s):  
Decision Making ◽  
Economic Performance ◽  
Business Performance ◽  
Performance Indicator ◽  
Performance Data ◽  
Business Activity ◽  
Reference Period ◽  
Corporate Planning ◽  
Factors Influencing ◽  
Main Factors

The paper is focused on the analysis of the influence of partial indicators on the selected top indicator, which is the earnings. The profit is the resulting effect of the enterprise’s business activity and, at the same time, often the measure of whether the company is successful or not. Business performance data is one of the cornerstones for further corporate planning and decision making. It is necessary to point out the factors that influence the company’s result. The main purpose of the contribution is the pyramidal breakdown of the economic performance indicator to identify the main factors influencing its change over the two-year reference period. The pyramidal breakdown of the economic result is complemented by the breakdown of the ROE indicator.

scholarly journals Comforting Investments are Rarely Profitable: Impediments in Investor Decision Making

2019 ◽  
Vol IV (II) ◽  
pp. 51-59
Author(s):  
Taqadus Bashir ◽  
Faisal Mehmood ◽  
Altamash Khan
Keyword(s):  
Decision Making ◽  
Insurance Companies ◽  
Illusion Of Control ◽  
Primary Data ◽  
Stock Exchanges ◽  
Financial Decisions ◽  
Behavioral Biases ◽  
Correlation And Regression Analysis ◽  
Irrational Behavior ◽  
Overconfidence Bias

This research aims at testing and confirming existence of selected behavioral biases of investors that affect their decisions. Five behavioral biases affecting irrational behavior of investors were selected: overconfidence bias, illusion of control bias, confirmation bias and recency bias and optimism bias. Primary data was collected through a questionnaire from 300 investors from banks, insurance companies, stock exchanges etc. The results were obtained by employing a correlation and regression analysis for the presence of behavioral biases and to detect degrees of their influence on decision making. Correlation results indicate moderate association between behavioral biases and decisions of investors. Outcome of the research indicates that while making financial decisions investors are moderately affected by behavioral biases.

Study of factors influencing apartment prices in Prishtina, Kosovo

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Visar Hoxha ◽  
Dhurata Hoxha ◽  
Jehona Hoxha
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Research Methodology ◽  
Content Type ◽  
The Real Estate ◽  
Apartment Buildings ◽  
Factors Influencing ◽  
Real Estate Investments ◽  
Main Factors ◽  
Real Estate Developers

Purpose The purpose of this study is to identify which are the main factors influencing the apartment prices in Prishtina, the capital of Kosovo, during the period 2018–2020. The factors identified will be used by real estate developers and investors for better decision-making in apartment investments. Design/methodology/approach The research methodology is quantitative. The methodology analyzes 1,468 real estate transaction contracts of apartment buildings using a probability random sampling. The research methodology uses multiple regression analysis to identify whether the research model is significant in predicting apartment prices but also identify which are the main factors that influence the apartment prices in Prishtina, Kosovo. Findings The present study finds that location, size, floor, access to road and building quality affect apartment prices in Prishtina, whereas surprisingly access to green spaces and availability of parking spaces have no statistically significant effect on apartment prices in Kosovo. Research limitations/implications The study has great implications for the real estate developers in Prishtina, Kosovo showing how to improve their decision-making process in real estate investments to know which characteristics are most valued by investors for investment in new apartment buildings in Prishtina, Kosovo and local authorities in Prishtina, Kosovo to modernize the access to road infrastructure for its inhabitants and adopt building regulations that will enforce strict criteria as far as building quality is concerned. Originality/value The study is the first quantitative study that studies the factors influencing the apartment prices in Prishtina, Kosovo.

Would you Make the Right Decision? – Decision Making Biases in Economy - Related Dilemmas

2018 ◽  
Vol 9 (1) ◽  
pp. 59-66
Author(s):  
Zsuzsanna Gödör ◽  
Georgina Szabó
Keyword(s):  
Decision Making ◽  
Online Survey ◽  
Framing Effect ◽  
Economic Knowledge ◽  
Bank Account ◽  
Financial Decisions ◽  
Hungarian Population ◽  
The Moment ◽  
The Right ◽  
Decision Making Biases

Abstract As they say, money can’t buy happiness. However, the lack of it can make people’s lives much harder. From the moment we open our first bank account, we have to make lots of financial decisions in our life. Should I save some money or should I spend it? Is it a good idea to ask for a loan? How to invest my money? When we make such decisions, unfortunately we sometimes make mistakes, too. In this study, we selected seven common decision making biases - anchoring and adjustment, overconfidence, high optimism, the law of small numbers, framing effect, disposition effect and gambler’s fallacy – and tested them on the Hungarian population via an online survey. In the focus of our study was the question whether the presence of economic knowledge helps people make better decisions? The decision making biases found in literature mostly appeared in the sample as well. It proves that people do apply them when making decisions and in certain cases this could result in serious and costly errors. That’s why it would be absolutely important for people to learn about them, thus increasing their awareness and attention when making decisions. Furthermore, in our research we did find some connection between decisions and the knowledge of economics, people with some knowledge of economics opted for the better solution in bigger proportion

Reproduction potential-based differentiation of Russian regions

2020 ◽  
Vol 18 (7) ◽  
pp. 1304-1319
Author(s):  
M.V. Moroshkina
Keyword(s):  
Spatial Development ◽  
Uneven Development ◽  
Regional Differentiation ◽  
Russian Regions ◽  
Policy Documents ◽  
Factors Influencing ◽  
Strategic Policy ◽  
Main Factors ◽  
Per Capita ◽  
Research Period

Subject. This article examines the issues related to changes in reproduction capacity and heterogeneity of the development of Russian regions. Objectives. The article aims to assess regional differentiation and investigate the main factors influencing the uneven development of the areas. Methods. For the study, we used the methods of comparative and correlation analyses. Results. The article identifies groups of leading and lagging Russian regions and assesses the possibility of convergence of Russian regions according to the analyzed indicators, such as GRP, GRP per capita, and the output of industry. Conclusions. The results obtained can be used when preparing strategic policy documents, spatial development programmes and concepts. The observed heterogeneity suggests that the regions maintain their positions throughout the research period.

Other Factors Influencing Religious Vocations

2018 ◽  
Author(s):  
Thu T. Do
Keyword(s):  
Decision Making ◽  
Secondary School ◽  
Women Religious ◽  
Religious Life ◽  
Men And Women ◽  
Factors Influencing ◽  
Religious Vocation ◽  
Devotional Practices ◽  
Religious Vocations ◽  
Primary And Secondary School

This chapter presents an overview of aspects that may influence women and men religious on their religious vocational decision during their childhood with their family and parish, their attendance of primary and secondary school, their participation in parish life, and their college years. The influential aspects addressed are: attending Mass regularly and devotional practices, having the opportunity to discuss and receive encouragement from others to discern a religious vocation, the witness of men and women religious, and being engaged in youth and voluntary ministry programs. The chapter concludes that while not every individual religious has opportunities to experience these activities in various environments before he or she decides to enter religious life, all the aspects complement one another and have an impact on religious vocational discernment and decision-making.

Polymer composites as sensing materials for liquid organic solvents – preliminary results

e-Polymers ◽  
2011 ◽  
Vol 11 (1) ◽  
Author(s):  
Stanislaw Frackowiak ◽  
Monika Maciejewska ◽  
Andrzej Szczurek ◽  
Marek Kozlowski
Keyword(s):  
Electrical Resistivity ◽  
Carbon Black ◽  
Polymer Composites ◽  
Percolation Theory ◽  
Liquid Mixtures ◽  
Organic Liquids ◽  
Volumetric Fraction ◽  
Factors Influencing ◽  
Benzene Toluene ◽  
Main Factors

AbstractCarbon black-filled polymer composites were investigated as sensing materials for organic liquids. Polypropylene and polystyrene which were selected as matrices and various amounts of carbon black were considered as the main factors influencing sensitivity of the composites in view of the percolation theory. Disposable filaments were produced of these materials. Change in their electrical resistivity was measured upon immersion in benzene, toluene, xylene, ethylbenzene and their mixtures. It has been found that studied materials were sensitive to the composition of liquid mixtures of organic solvent. Relationships between the filament response and volumetric fraction of the components were presented. The studied materials have shown promising sensing properties, which suggest their applicability for identification and quantification of multicomponent organic liquids.

scholarly journals Factors influencing decision making for implementing e-health in light of the COVID-19 outbreak in Gulf Cooperation Council countries

2021 ◽  
Author(s):  
Fahad M Al-Anezi
Keyword(s):  
Decision Making ◽  
United Arab Emirates ◽  
Healthcare Access ◽  
Demographic Factors ◽  
Quality Of Healthcare ◽  
Healthcare Services ◽  
Gulf Cooperation Council ◽  
Factors Influencing ◽  
Electronic Health ◽  
Novel Coronavirus

Abstract Background Electronic health (e-health) approaches such as telemedicine, mobile health, virtual healthcare and electronic health records are considered to be effective in increasing access to healthcare services, reducing operational costs and improving the quality of healthcare services during the coronavirus disease 2019 (COVID-19) outbreak, a pandemic resulting from the spread of a novel coronavirus discovered in December 2019. In this context, the aim of this study was to identify the most important factors influencing decision making on the implementation of e-health in Gulf Cooperation Council (GCC) member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), which are in the process of digitizing healthcare services. Methods This study reviewed the literature to identify the important factors influencing decision making on e-health. In addition, a questionnaire-based survey was conducted in order to identify the most important criteria to be considered in decision making on e-health. The survey link was forwarded to 978 healthcare practitioners and 42 experts (purposive sampling), from which a final sample of 892 (864 practitioners and 28 experts) was achieved, reflecting a response rate of 87.45%. Results Of the 44 factors identified under seven themes (strategic, quality, management, technology, function characteristics, economic, sociocultural and demographic factors), 22 factors were identified to be the most important criteria. Conclusions Findings from this study suggest that decision making in relation to e-health is a complex process that requires consideration of various factors. It was also found that attention should be paid to sociocultural and demographic factors, which may need to be considered in increasing healthcare access during the COVID-19 outbreak.

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