DECISION MAKING IN AN ORGANIZATIONAL SETTING: COGNITIVE AND ORGANIZATIONAL INFLUENCES ON RISK ASSESSMENT IN COMMERCIAL LENDING
DECISION MAKING IN AN ORGANIZATIONAL SETTING: COGNITIVE AND ORGANIZATIONAL INFLUENCES ON RISK ASSESSMENT IN COMMERCIAL LENDING
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组织环境中的决策:商业贷款风险评估的认知和组织影响
DOI:
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发表时间:
1997
期刊:
影响因子:
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通讯作者:
P. Bromiley
中科院分区:
文献类型:
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作者:
G. McNamara;P. Bromiley
Although management researchers would like to understand management decisions related to risk, almost all previous research on risk has used either experiments or aggregate corporate data rather than data from actual business decisions. In this initial research on risk in actual business decisions, we examined the risk assessments bankers assigned to commercial borrowers. We tested hypotheses derived from research in strategy, finance, and behavioral decision theory in order to assess the influence of both organizational and cognitive factors on the likelihood of risk assessment errors. Although we found that both organizational and cognitive factors influenced risky decision making, when both were present, organizational factors appeared to overwhelm cognitive biases. Large literatures have developed to explain risk-related behaviors at the individual (behavioral decision theory), organizational, and corporate (finance and strategic management) levels. These literatures reveal a great deal