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 conferencePaper

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 - Jan 1 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

Fingerprint

Decision making
Compensation and Redress
Loss aversion
Firm performance
Chief executive officer
Moderating effect

All Science Journal Classification (ASJC) codes

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

Cite this

Mishina, Y., Pollock, T. G., & Bragaw, N. A. (2012). 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. 568-573. Paper presented at 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States. https://doi.org/10.5465/AMBPP.2012.78
Mishina, Yuri ; Pollock, Timothy G. ; Bragaw, Nathan A. / 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. Paper presented at 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States.6 p.
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Mishina, Y, Pollock, TG & Bragaw, NA 2012, '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' Paper presented at 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States, 8/7/12 - 8/10/12, pp. 568-573. https://doi.org/10.5465/AMBPP.2012.78

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

2012. 568-573 Paper presented at 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States.

Research output: Contribution to conferencePaper

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Mishina Y, Pollock TG, Bragaw NA. 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. 2012. Paper presented at 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States. https://doi.org/10.5465/AMBPP.2012.78