scholarly journals The Concept of Risk Capital and Its Application in Non-Financial Companies: A Sustainable Dimension

2019 ◽  
Vol 11 (3) ◽  
pp. 894
Author(s):  
Monika Wieczorek-Kosmala
Keyword(s):  
Decision Making ◽  
Corporate Finance ◽  
Conceptual Framework ◽  
Empirical Research ◽  
Financial Institutions ◽  
State Of The Art ◽  
End Users ◽  
Decision Making Process ◽  
Risk Capital ◽  
The Universe

The prime purpose of this paper is to explain the concept of risk capital and advocate for its implementation in the management of non-financial companies. The paper is kept in the discursive tone, as the problem is new, and it first requires to establish the conceptual framework for further empirical considerations. With reference to the origins of the concept of risk capital (related to its understanding in financial institutions), the paper discusses the utility of risk capital for the management of risk in non-financial companies, with the recognition of the sustainable dimension of risk capital. The discussion is framed within the corporate finance approach. In the applicative dimension, the paper identifies the universe of the sources of risk capital and proposes a taxonomy of these sources. It considers both the well-established traditional sources, as well as the state-of-the-art solutions that are in the early stages of their adoption for the needs of corporate end-users. The conclusions address the possible areas of tensions and of the inclusion of risk capital in the decision-making process, as well as the areas of further empirical research within.

A conceptual framework for wisdom-based decision-making process in audit profession

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hoang To Loan Nguyen
Keyword(s):  
Decision Making ◽  
Grounded Theory ◽  
Conceptual Framework ◽  
Research Process ◽  
Decision Making Process ◽  
Ethical Orientation ◽  
Content Type ◽  
External Auditors ◽  
Wise Decision ◽  
Knowledge Assimilation

PurposeWisdom is considered as crucial in decision-making in both management and auditing practice. This research aims to investigate the concept of wisdom in auditing, thereby empirically exploring the determinants of wisdom in audit decision-making and explaining inter-relations among these determinants.Design/methodology/approachThis study employs grounded theory methodology that is based on in-depth interviews with twenty-seven practicing auditors who are audit partners, managers, seniors and assistants of auditing firms. Guided by the grounded theory, data collection and data analyses were conducted simultaneously to look into the new insights of the research phenomenon. The coding process was constantly compared until the research's theoretical saturation is reached after four rounds. At the end of the research process, the study conducted a survey to confirm the proposed framework as well as examine the inter-relationships between the defined determinants.FindingsResults suggest developing a conceptual framework to interpret wisdom-based decision-making process in auditing. A wise process of audit decision-making is defined as an integrated exercise of multiple determinants including knowledge assimilation, judgmental ability and ethical orientation. The research also explains and examines the potential interrelationships among these determinants in the audit decision-making process.Practical implicationsWisdom is a valuable tacit ability for all external auditors. The development of wise decision-making abilities of auditors should be considered an integral part of multiple virtues including knowledge and judgmental and ethical aspects.Originality/valueThe contributions of this study are original and significant because it proposes a new approach to explain for the audit decision-making process and enhances better understandings of the concept of wisdom in auditing practices and its roles in audit decision-making.

scholarly journals Feminist Judging in the 'Real World'

2018 ◽  
Vol 8 (9) ◽  
pp. 1275-1306 ◽  
Author(s):  
Rosemary Hunter
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Real World ◽  
Interview Data ◽  
Feminist Perspective ◽  
Decision Making Process ◽  
The Real ◽  
Judicial Practice ◽  
Tools And Techniques

The various feminist judgment projects (FJPs) have explored through the imagined rewriting of judgments a range of ways in which a feminist perspective may be applied to the practice of judging. But how do these imagined judgments compare to what actual feminist judges do? This article presents the results of the author’s empirical research to date on ‘real world’ feminist judging. Drawing on case study and interview data it explores the how, when and where of feminist judging, that is, the feminist resources, tools and techniques judges have drawn upon, the stages in the hearing and decision-making process at which these resources, tools and techniques have been deployed, and the areas of law in which they have been applied. The article goes on to consider observed and potential limits on feminist judicial practice, before drawing conclusions about the comparison between ‘real world’ feminist judging and the practices of FJPs. Los proyectos de sentencias feministas, a través de la reelaboración imaginaria de sentencias judiciales, han explorado multitud de vías en las que las perspectivas feministas se podrían aplicar a la práctica judicial. Pero ¿qué resulta de la comparación entre dichas sentencias y la práctica real de las juezas feministas? Este artículo presenta los resultados de la investigación empírica de la autora. Se analiza el cómo, el cuándo y el dónde de la labor judicial feminista, es decir, los recursos, herramientas y técnicas feministas que las juezas han utilizado, las fases de audiencia y toma de decisión en las que se han utilizado y las áreas del derecho en que se han aplicado. Además, se toman en consideración los límites observados y potenciales de la práctica judicial feminista, y se extraen conclusiones sobre la comparación entre la labor judicial feminista en el “mundo real” y la práctica de los proyectos de tribunales feministas.

An Integrated Model of Pop Culture Fans’ Travel Decision-Making Processes

2017 ◽  
Vol 57 (5) ◽  
pp. 687-701 ◽  
Author(s):  
SoJung Lee ◽  
HakJun Song ◽  
Choong-Ki Lee ◽  
James F. Petrick
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
Explanatory Power ◽  
Pop Culture ◽  
Integrated Model ◽  
Decision Making Process ◽  
Decision Making Processes ◽  
Aida Model ◽  
Travel Decision ◽  
Goal Directed Behavior

This study integrated the Model of Goal-directed Behavior (MGB) and the Attention, Interest, Desire, and Actions (AIDA) model into a conceptual framework to examine how pop culture influences decisions to visit a pop culture–featured destination. Findings revealed that visit intentions were significantly influenced by variables in the two models (MGB and AIDA), highlighting that attention to pop culture and positive anticipated emotions played important roles in unifying them. Results suggest that the integrated framework offers a comprehensive and coherent perspective on the complicated decision-making process of pop culture fans, which enhances the explanatory power for predicting future intentions. Thus, this paper offers an innovative approach to integrating models from the disciplines of psychology and advertising.

A Needle in a Haystack

2011 ◽  
pp. 310-320
Author(s):  
Chad J. Cray
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Empirical Research ◽  
Failure Rate ◽  
Project Managers ◽  
Decision Making Process ◽  
High Failure Rate ◽  
It Projects ◽  
Extant Literature ◽  
Development Methodology

Considering the high failure rate of information technology (IT) projects over the last 40 years, project managers should use all the tools at their disposal in order to make their project a success; however, more than half of all project managers fail to use a powerful tool that is readily available – a development methodology. A development methodology provides structure to a project, which facilitates communication, establishes expectations, enhances quality and promotes consistency. One potential reason project managers do not employ a development methodology is that selecting the correct methodology from among the hundreds available can be an overwhelming task. For this reason, understanding the decision-making process, and identifying those factors that influence it, is a worthwhile endeavor. While empirical research in this area is lacking, a review of the extant literature reveals several factors that are important when choosing a development methodology. In this chapter, many of these factors are identified, a model for categorizing them is proposed, and a model for selecting a methodology is presented.

Professional Career Breakthrough and Its Determinants

2016 ◽  
Vol 40 (2) ◽  
pp. 29-44
Author(s):  
Katarzyna Biegańska
Keyword(s):  
Decision Making ◽  
Labor Market ◽  
Growth Factors ◽  
Empirical Research ◽  
Trade Unions ◽  
Decision Making Process ◽  
Theoretical Discussion ◽  
Continuous Education ◽  
Professional Career

Changes in the modern labor market and changes in human motives resulting from the development in the course of life, contribute to the profound changes in their careers.  It is necessary to continuous education and openness to new experiences.  The presented article includes a  theoretical discussion on determinants of decision‑making process concerning a  career breakthrough. The author formulates the concept of career breakthrough and reviews empirical research into the tendency to make changes in the course of one’s career with particular emphasis on subjective causes. There are also important growth factors, environmental, individuality – environment. Also included is the role of trade unions and the preferred type of career.

scholarly journals Neural Networks in Credit Risk Classification of Companies in the Construction Sector

2018 ◽  
Vol 2 (2) ◽  
pp. 63-77 ◽  
Author(s):  
Aleksandra Wójcicka
Keyword(s):  
Neural Networks ◽  
Decision Making ◽  
Credit Risk ◽  
Financial Institutions ◽  
Real World ◽  
Decision Making Process ◽  
Construction Sector ◽  
Real World Data ◽  
Input Variables

The financial sector (banks, financial institutions, etc.) is the sector most exposed to financial and credit risk, as one of the basic objectives of banks' activity (as a specific enterprise) is granting credit and loans. Because credit risk is one of the problems constantly faced by banks, identification of potential good and bad customers is an extremely important task. This paper investigates the use of different structures of neural networks to support the preliminary credit risk decision-making process. The results are compared among the models and juxtaposed with real-world data. Moreover, different sets and subsets of entry data are analyzed to find the best input variables (financial ratios).

scholarly journals Indigenous Collaborative Governance: An Understanding of Decision-Making Process at Desa Adat in Bali, Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 119
Author(s):  
Md Putri Wiyantari Sutaryantha ◽  
Bevaola Kusumasari
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
Public Administration ◽  
Local Governance ◽  
Practical Implication ◽  
Collaborative Governance ◽  
Decision Making Process ◽  
Common Goal ◽  
Depth Interviews

The decision-making process that took place at desa adat (indigenous village) involved many actors and stakeholders from various elements of the community, to achieve a common goal. This research highlights the linkages of indigenous collaborative governance among actors involved in the decision-making process at Balinese Desa Adat, Indonesia. This research has, thus, discovered how indigenous collaborative governance was linked to the decision-making process and linked to the implementation of local governance, especially in the implementation of Adat in Bali Province. This study emphasizes the extensive use of public administration literature about collaborative governance and the decision-making process. Additionally, in-depth interviews and live experience in desa adat were conducted, as it is aimed to explore and understand more about the case. The result provided aligned with the conceptual framework because all of the actual implementation of the decision-making process at Desa Adat Peliatan met the criteria or indicators of collaborative governance. It showed that there was an involvement of indigenous collaborative governance in the process of decision-making at the desa adat level. The practical implication, in this case, is that collaboration matters in the decision-making process involving various elements of society with diverse interests.

scholarly journals The Purchase Decision-making Process for Renewable Heating Technologies: A Consumer Perspective

2019 ◽  
Author(s):  
◽  
Mario B. Reichler
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Alternative Energy ◽  
Oil And Gas ◽  
End Users ◽  
Decision Making Process ◽  
Daily News ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Carbon Dioxide Co2

The discussion about energy has become an important topic in recent years. For end users, issues, such as price increases for oil and gas, limited resources, and alternative energy sources, have become increasingly important, attracting the attention of scholars and politicians alike. Political discussions on energy issues form part of the daily news. For example, pollution of the environment with carbon dioxide (CO2) and global warming due to the greenhouse effect have become hot topics for debate. Considering the growing importance of renewable energy for households, this investigation focuses on the factors that drive homeowners to purchase renewable energy technologies, as well as on the implications of these factors on the design of future business-to-consumer (B2C) marketing models that can contribute towards an increase in the use of renewable energy. Contextually, the research is based on heating consumption in German households. This thesis examines the potential purchase of existing renewable energy technologies by end users in the German housing market. The increased use of renewable energy is not studied with a view towards future technologies, but rather in terms of the decisionmaking process of end users to possibly invest in already available renewable heating technologies. Decision-making processes are seen as discrete activities which involve individuals over a period of time. These processes include selection and implementation, and have an end point (Wilson, 2004). Based on a grounded research methodology, a series of interviews have been carried out with homeowners as decision-makers for the purchase of existing renewable energy heating systems. The interviewees are homeowners who live in old houses with bad insulation and heating technology standards, still constituting a high proportion of homeowners in Germany. The understanding of their decision-making process can help managers of renewable energy companies, politicians, and local authorities develop viable strategies for increasing the purchase of renewable heating technologies. This research indicates the importance of not only rational decision-making factors as strongly economical related issues affecting the purchase of renewable heating technologies, but also of bounded rational factors influenced by the personal insights of homeowners and their relationship to involved stakeholders within the market for renewable heating technologies.

scholarly journals The Interactive Effects Of Decision-Making And Expertise On The Experience Of Regret

2012 ◽  
Vol 28 (3) ◽  
pp. 333 ◽  
Author(s):  
Neel Das ◽  
Brad Joffe
Keyword(s):  
Decision Making ◽  
Empirical Research ◽  
Interactive Effects ◽  
Decision Making Process ◽  
Post Purchase ◽  
Future Learning

This empirical research introduces and validates the need for assessing regret from both the decision-making process and the product concurrently, subsequent to an unfavorable decision outcome during post-purchase assessment. Prior regret research in marketing has investigated the experience of regret either from the decision-making process or from the product, but not simultaneously. The research posits and shows that not examining the sources of the regret emotion simultaneously leads to a lop-sided assessment and is likely to inhibit future learning. Results from the study indicate that a differential regret experience is reflected when regret is measured from the decision-making process, however, the same is not revealed when regret is measured from the product.

scholarly journals Knowledge Management System Adoption to Improve Decision-Making Process in Higher Learning Institutions in the Developing Countries: A Conceptual Framework

2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Hanan Mohammed Oumran ◽  
Rodziah Binti Atan ◽  
Rozi Nor Haizan Binti Nor ◽  
Salfarina Binti Abdullah ◽  
Muaadh Mukred
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Conceptual Framework ◽  
Management System ◽  
Higher Learning ◽  
Knowledge Management System ◽  
Decision Making Process ◽  
Factors Affecting ◽  
Related Information ◽  
Learning Institutions

Currently, higher learning institutions (HLIs) are facing their most challenging problem in inefficient information management. The knowledge management system (KMS) application calls for providing several benefits to lecturers and students, producing daily information, documenting records for evidence of a transaction, and eventually improving the decision-making process. Knowledge management can be coupled with fuzzy logic to deal with imprecision and uncertainty of data in a KMS. The ICT dynamic development has shifted the HLI operations from manual to electronic-based handling of related information. KMS is one of the systems that are of significant consideration in this regard. Nevertheless, such a system has not been extensively adopted as expected due to users’ rejection of its use. In the present paper, the factors affecting the decision to adopt/reject KMS are highlighted. The study is qualitative and entails a critical review of the related literature concerning the topic, backed by interviews. KMS experts working with highly reputable HLI were interviewed. A total of 11 factors were focused on in light of their effect on the decision to adopt/reject KMS, as argued by the technological adoption theories and literature review. All the factors were validated and placed in ranks by the experts. From the results, a novel conceptual framework of KMS adoption was developed for Libyan HLIs to bring about technology adoption and improved decision-making.

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