Know when to hold 'EM, know when to fold 'EM? Differentiating between loss aversion and the house money effect in CEO reactions to firm performance

Yuri Mishina, Timothy G. Pollock, Nathan A. Bragaw

Research output: Contribution to conferencePaperpeer-review

Abstract

This study attempts to differentiate between the effects of loss aversion and the house money effect ("THME") on CEO decision making by examining outcomes consequential to the CEO: her/his compensation mix and exercisable but unexercised options. We find more general support for THME, and moderating effects from firm prominence.

Original languageEnglish (US)
Pages568-573
Number of pages6
DOIs
StatePublished - 2012
Event72nd Annual Meeting of the Academy of Management, AOM 2012 - Boston, United States
Duration: Aug 7 2012Aug 10 2012

Other

Other72nd Annual Meeting of the Academy of Management, AOM 2012
CountryUnited States
CityBoston
Period8/7/128/10/12

All Science Journal Classification (ASJC) codes

  • Management of Technology and Innovation
  • Industrial relations
  • Management Information Systems

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