Why Managers and Companies Take Risks

The book answers a simple question: when managers and companies face a decision with two outcomes that are safe and risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk and decision mak

  • PDF / 19,360,397 Bytes
  • 351 Pages / 439.35 x 666.15 pts Page_size
  • 65 Downloads / 175 Views

DOWNLOAD

REPORT


Contributions to Management Science H. Dyckhoff/U. Finke Cutting and Packing in Production and Distribution 1992. ISBN 3-7908-0630-7

U. Dorndorf Project Scheduling with Time Windows 2002. ISBN 3-7908-1516-0

R. Flavell (Ed.) Modelling Reality and Personal Modelling 1993. ISBN 3-7908-0682-X

B. Rapp/R Jackson (Eds.) Organisation and Work Beyond 2000 2003. ISBN 3-7908-1528-4

R.L. D'Ecclesia/S.A.Zenios (Eds.) Operations Research Models in Quantitative Finance 1994. ISBN 3-7908-0803-2

M. Grossmann Entrepreneurship in Biotechnology 2003. ISBN 3-7908-0033-3

M. S. Catalani/G. F Clerico Decision Making Structures 1996. ISBN 3-7908-0895-4 H. Herbst Business Rule-Oriented Conceptual Modeling 1997. ISBN 3-7908-1004-5 C. Zopounidis (Ed.) New Operational Approaches for Financial Modelling 1997. ISBN 3-7908-1043-6 WHU Koblenz - Otto Beisheim Graduate School of Management (Ed.) Structure and Dynamics of the German Mittelstand 1999. ISBN 3-7908-1165-3 A. SchoU Balancing and Sequencing of Assembly Lines 1999. ISBN 3-7908-1180-7 E. Canestrelli (Ed.) Current Topics in Quantitative Finance 1999. ISBN 3-7908-1231-5 W. Buhler/H. Hax/R. Schmidt (Eds.) Empirical Research on the German Capital Market 1999. ISBN 3-7908-1193-9 M. Bonilla/T. Casasus/R. Sala (Eds.) Financial Modelling 2000. ISBN 3-7908-1282-X

H.M.Arnold Technology Shocks 2003. ISBN 3-7908-0051-1 T. Ihde Dynamic Alliance Auctions 2004. ISBN 3-7908-0098-8 J. Windsperger/G. Cliquet/ G. Hendrikse/M. Tuunanen (Eds.) Economics and Management of Franchising Networks 2004. ISBN 3-7908-0202-6 A. Enders Management Competence 2004. ISBN 3-7908-0262-X K. Jennewein Intellectual Property Management 2004. ISBN 3-7908-0280-8 M.J. Thannhuber The Intelligent Enterprise 2005. ISBN 3-7908-1555-1 C. Clarke Automotive Production Systems and Standardisation 2005. ISBN 3-7908-1578-0 M. Lutke Entrup Advanced Planning in Fresh Food Industries 2005. ISBN 3-7908-1592-6 U. M. Lower Interorganisational Standards 2006. ISBN 3-7908-1653-1

S. Sulzmaier Consumer-Oriented Business Design 2001. ISBN 3-7908-1366-4

G. Reepmeyer Risk-sharing in the Pharmaceutical Industry 2006. ISBN 3-7908-1667-1

C. Zopounidis (Ed.) New Trends in Banking Management 2002. ISBN 3-7908-1488-1

M.A. Bader Intellectual Property Management in R&D Collaborations 2006. ISBN 3-7908-1702-3

Les Coleman

Why Managers and Companies Take Risks With 24 Figures and 46 Tables

Physica-Verlag A Springer Company

Series Editors Werner A. Miiller Martina Bihn Author Dr. Les Coleman Department of Finance The University of Melbourne Parkville. Victoria 3010 Australia [email protected]

Publication of this work was assisted by a publication grant from the University of Melbourne.

ISSN 1431-1941 ISBN-10 3-7980-1695-7 Physica-Verlag Heidelberg New York ISBN-13 978-3-7908-1695-2 Physica-Verlag Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduc