000			01546pab a2200193 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aKhan, Basir A.
245			_aPouring good money after bad: a comparison of Asian and Developed country managerial decision-making in sunk cost situations in financial institutions
260			_c2000
300			_ap.105-20
362			_aDec
520			_aRecent currency and bond trading losses at Barings and Daiwa banks illustrate the willingness of managers to over-commit resources to a course of action in which sunk costs have been incurred and which by any rational standards should have been long discontinued. An international study of the determinants of managerial risk-taking is important because it sheds light on the extent to which aggressive decision-making reported in North American literature is prevalent elsewhere, and whether there are systematic differences between behaviours in different countries. The study has important implications for the practice of management. For example, by knowing cross-cultural differences in willingness to take risk, and to act in one's individual rather than the general interest, managers in transnational corporations would be better able to predict risk-taking behaviours and adjust internal risk management systems accordingly. - Reproduced
650			_aFinancial institutions
650			_aDecision making
700			_aSharp, David J.
700			_aSalter, Stephen B.
773			_aAsia-Pacific Development Journal
909			_a47558
999			_c47558 _d47558