Can process accountability mitigate myopic biases?Ličen, Mina (Avtor) Slapničar, Sergeja (Avtor) enterprisesmanagementaccountinganalysisprocess accountabilityjustification pressurecognitive biasmyopic decision-makingdelay aversionrisk aversiontime preferenceThis paper examines the impact of process accountability on two biases causing myopic or short-sighted decision making. These biases are strong preferences for immediate and certain outcomes known as delay and risk aversion. We hypothe- size that accountability alone is insufficient to undo the biases, but if coupled with a cue on subjective discount rates, it will attenuate biases. To analyze our research question, we used a within- and between-subjects experimental design (two account- ability conditions compared with a non-accountability condition and with each other) with delay and probability discounting choice tasks involving 118 students of accounting, finance and management in an online experiment. In line with our hypotheses, we find that process accountability successfully reduces excessive delay and risk aversion only if it provides a cue about the subjective discount rate. We dis- cuss the implications of our findings for management control.20222022-02-14 10:22:22Članek v reviji134964UDK: 657ISSN pri članku: 2191-4761DOI: 10.1007/s00187-021-00330-7COBISS_ID: 91692547sl