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

doi: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

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

Management and Organization

Research output: Contribution to journal › Conference article › peer-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 language	English (US)
Pages (from-to)	568-573
Number of pages	6
Journal	Academy of Management Annual Meeting Proceedings
DOIs	https://doi.org/10.5465/AMBPP.2012.78
State	Published - 2012
Event	72nd Annual Meeting of the Academy of Management, AOM 2012 - Boston, United States Duration: Aug 7 2012 → Aug 10 2012

All Science Journal Classification (ASJC) codes

Management Information Systems
Management of Technology and Innovation
Industrial relations

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.5465/AMBPP.2012.78

Cite this

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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

Abstract

All Science Journal Classification (ASJC) codes

UN SDGs

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