INCENTIVE ROOTS OF MANAGERIAL (EXCESSIVE) RISK TAKING AND AN ASSESMENT OF POLICY RESPONSES

Sadettin Haluk ÇİTÇİ

Makale detayları

INCENTIVE ROOTS OF MANAGERIAL (EXCESSIVE) RISK TAKING AND AN ASSESMENT OF POLICY RESPONSES

Yazarlar:

Sadettin Haluk ÇİTÇİ

Yayıncı:

Gökhan ÖZER

Dergi:

International Review of Economics and Management 2016 Vol.4 Issue 1, pp.29-44

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000477691

Sıklık:

İki Yıllık

pISSN:

2148-3493

Özet:

 



 There are many incentive factors affecting managers’ risk appetite. This study reviews the incentive literature and analyses arguments highlighting the impact of implicit and explicit incentives on managerial risk taking and the results of empirical studies on the issue. The paper also assesses main policy responses against excessive risk taking and concludes that current policies centered on fixing contractual schemes are not adequate to fix these incentive problems. 

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 There are many incentive factors affecting managers’ risk appetite. This study reviews the incentive literature and analyses arguments highlighting the impact of implicit and explicit incentives on managerial risk taking and the results of empirical studies on the issue. The paper also assesses main policy responses against excessive risk taking and concludes that current policies centered on fixing contractual schemes are not adequate to fix these incentive problems. 


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Makale detayları

INCENTIVE ROOTS OF MANAGERIAL (EXCESSIVE) RISK TAKING AND AN ASSESMENT OF POLICY RESPONSES

Yazarlar: Sadettin Haluk ÇİTÇİ

Yayıncı: Gökhan ÖZER

Dergi: International Review of Economics and Management 2016 Vol.4 Issue 1, pp.29-44

Belge Tipi: Makale

Yayın Tarihi: 4/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000477691

Sıklık: İki Yıllık

pISSN: 2148-3493

Sayı

Yazarlar:

Sadettin Haluk ÇİTÇİ

Yayıncı:

Gökhan ÖZER

Dergi:

International Review of Economics and Management 2016 Vol.4 Issue 1, pp.29-44

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000477691

Sıklık:

İki Yıllık

pISSN:

2148-3493