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Managerial incentives, myopic loss aversion, and firm risk: A comparison of family and non-family firms
16 references·11 citing·36 second hop
Managerial incentives, myopic loss aversion, and firm risk: A comparison of family and non-family firms (2018)Managerial incentives, myopic loss aversi…Mental Accounting and Consumer Choice (2008)Mental Accounting and Consume…Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)Socioemotional Wealth and Bus…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Founding‐Family Ownership and…Corporate Ownership Around the World (1999)Corporate Ownership Around th…Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data (1998)Consistent Covariance Matrix …Myopic Loss Aversion and the Equity Premium Puzzle (1995)Myopic Loss Aversion and the …Myopic Loss Aversion and the Equity Premium Puzzle (1993)Myopic Loss Aversion and the …Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior (1989)Efficient Capital Markets, In…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Managerial Perspectives on Risk and Risk Taking (1987)Managerial Perspectives on Ri…Mental Accounting and Consumer Choice (1985)Mental Accounting and Consume…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…A Behavioral Theory of the Firm (1964)A Behavioral Theory of the Fi…Addressing Managerial Loss Aversion for the Corporate Value Creation Process: A Critical Analysis of the Literature and Preliminary Approaches (2023)Addressing Managerial Loss Av…When does time enhance family firm performance? 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(2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)How do family ownership, control and management affect firm value? (2005)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Dimensionalizing Cultures: The Hofstede Model in Context (2011)Risk, Ambiguity, and the Savage Axioms (1961)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)The Social Identity Theory of Intergroup Behavior (2004)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)Socioemotional Wealth in Family Firms (2012)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Investor protection and corporate governance (2000)The separation of ownership and control in East Asian Corporations (2000)Earnings management and investor protection: an international comparison (2003)Are Investors Reluctant to Realize Their Losses? 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this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
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  • 1988Prospect theory: An analysis of decision under risk32,475 cited
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  • 1999Corporate Ownership Around the World10,565 cited
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  • 1998Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data6,815 cited
  • 2003Founding‐Family Ownership and Firm Performance: Evidence from the S&P 5005,127 cited
  • 1985Mental Accounting and Consumer Choice4,875 cited
  • 2007Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills4,400 cited
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  • 1987Managerial Perspectives on Risk and Risk Taking3,198 cited
  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 1989Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior2,585 cited
  • 1995Myopic Loss Aversion and the Equity Premium Puzzle2,486 cited

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  • 1993Myopic Loss Aversion and the Equity Premium Puzzle1,799 cited
  • Cited by

    • 2020Enterprise risk management in small and medium family enterprises: the role of family involvement and CEO tenure71 cited
    • 2019The Invisible Hand of Evolutionary Psychology: The Importance of Kinship in First-Generation Family Firms69 cited
    • 2021Transgenerational Succession and R&D Investment: A Myopic Loss Aversion Perspective67 cited
    • 2022Are narcissistic CEOs good or bad for family firm innovation?50 cited
    • 2020Risk taking behavior in Chilean listed family firms: a socioemotional wealth approach41 cited
    • 2022When does time enhance family firm performance? Examining family generation in control and family control dispersion through a mixed-gamble logic33 cited
    • 2022The effect of COVID 19 on risk-taking of small and medium-sized, family and non-family firms32 cited
    • 2021Board diversity and risk-taking of family firms: Evidence from China27 cited
    • 2022Goodwill Impairment, Loss Avoidance Effects and Subsequent Corporate M&A Decisions22 cited
    • 2019How Incentive System Design Affects Risk-Taking: A Literature Review4 cited
    • 2023Addressing Managerial Loss Aversion for the Corporate Value Creation Process: A Critical Analysis of the Literature and Preliminary Approaches1 cited