Risk preference in participative budgeting
Article Abstract:
Risk preferences in participative budgeting are tested for domain-specificity. A two-by-two factorial, relating status and mean performance as above-average vs below-average and dispositional attitude as risk-seeking vs risk-averse, shows the dual influence of context and disposition on risk preference. Empirical evidence supports the observation that as context affects risk preference, an increasing explanatory power is exerted by context over disposition. These observations support the view that the level of aspirations of co-workers, termed as the reference point, is established based on the average performance of other workers. The observations also support the view that workers are prone to risk-seeking for below-reference point outcomes and tend to be risk-averse for above-reference point outcomes.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1992
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Information evaluation in a competitive environment: context and task effects
Article Abstract:
The effects of context and task variables on subjective information system choices are examined. Data was collected from seventy subjects who assumed the roles of division managers in decentralized companies. The subjects were tested in a two-person competitive environment. Results indicate that subjects over value information that is indicated more frequently, and that they deviated from game theory models under conditions of state uncertainty.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1989
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Budgetary participation, motivation, and managerial performance
Article Abstract:
The relation between budget preparation participation and manager morale levels, as well as manager productivity, at three firms is analyzed.. The theoretical framework for estimating and specifying management performance is furnished by expectancy theory. Motivation is projected to mediate the effect of participation on performance.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1986
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