Can process accountability mitigate myopic biases? : an experimental analysis

Ličen, Mina (avtor), Slapničar, Sergeja (avtor)

This 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.

• Jezik: Angleški jezik
• Ključne besede: enterprises, management, accounting, analysis, process accountability, justification pressure, cognitive bias, myopic decision-making, delay aversion, risk aversion, time preference
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: V tisku
• Različica publikacije: Objavljena publikacija
• Leto izida: 2022
• PID: 20.500.12556/RUL-134964
• UDK: 657
• ISSN pri članku: 2191-4761
• DOI: 10.1007/s00187-021-00330-7
• COBISS.SI-ID: 91692547
• Datum objave v RUL: 14.02.2022

Gradivo je del revije

• Naslov: Journal of management control
• Skrajšan naslov: J. manag. control
• Založnik: Springer
• ISSN: 2191-4761
• COBISS.SI-ID: 91689987

Licence

• Licenca: CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by/4.0/deed.sl
• Opis: To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.
• Začetek licenciranja: 01.01.2022

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: podjetje, managemant, računovodstvo, analiza

Projekti

• Financer: ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
• Program financ.: Raziskovalni program
• Številka projekta: P5-0161
• Naslov: Izzivi vlagateljev, podjetij, finančnih institucij in države v negotovem evropskem gospodarskem okolju