Traders, managers and loss aversion in investment banking
Member rating: No Rating | Words: 800 | Submitted: Sun Jul 22 2007
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This is a critical review of Willman, P., Fenton-O'Creevy, M. P., Nicholson, N. & Soane, E. (2002) "Traders, managers and loss aversion in investment banking: a field study" in Accounting, Organizations and Society, Volume 27, Number 1, pp 85-98. Through thorough analyse of the article, I will look at it from an objective perspective to understand its worth and its limitations. This article was published to highlight the roles in which traders and managers go about their daily task in their working environment. On the surface you would expect a manager to be the leader but in fact it would seem that the traders are usually leading the manager. There is such a degree of autonomy that it is becoming extremely difficult to monitor and regulate the traders. This article presents its findings on how traders and mangers link up in investment banking to avoid losing money and whether this...

