Complex Systems, Multi-Sided Incentives and Risk Perception in Companies

Most research about financial stability and sustainable growth focuses on the financial sector and macroeconomics and neglects the real sector, microeconomics and psychology issues. Real-sector and financial-sectors linkages are increasing and are a foundation of economic/social/environmental/urban sustainability, given financial crises, noise, internet, "transition economics", disintermediation, demographics and inequality around the world. Within complex systems theory framework, this book analyses some multi-sided mechanisms and risk-perception that can have symbiotic relationships with financial stability, systemic risk and/or sustainable growth. Within the context of Regret Minimization, MN-Transferable Utility and WTAL, new theories-of-the-firm are developed that consider sustainable growth, price stability, globalization, financial stability and birth-to-death evolutions of firms. This book introduces new behaviour theories pertaining to real estate and intangibles, which can affect the evolutions of risk-taking and risk perception within organizations and investment entities. The chapters address elements of the dilemma of often divergent risk perceptions of, and risk-taking by corporate executives, regulators and investment managers.   
  

List of contents

Chapter 1. Introduction.- Chapter 2. Competition, Equity-Based Incentives and Risk Under Combined MN-TU, Regret-Minimization and Perception Regimes.- Chapter 3.  Group Decision-Making and Risk in REITs and "RECs" (Companies That Own Substantial Real Estate)-Theories of Antitrust, Games and Psychology.- Chapter 4. Incentive-Auctions and Investment-Committee Decisions: The Case of "ESOARS" and "Auction-Rate Securities" ("ARS"); and a Critique of Third-Generation Prospect Theory and Related Methods.- Chapter 5. Goodwill and Intangibles Accounting Rules: Behavioral Issues, Risk Perception and Financial Stability.- Chapter 6. A Spatio-Temporal Cognition Index of the Seller's Propensity-To-Sell Real Estate.- Chapter 7. The Choice Between Organic Growth and Franchising; and the Retailer's Choice Between Online and Physical Stores Under Combined MN-Transferable-Utility, WTAL, Perception and Regret-Minimization Regimes.- Chapter 8. On Franchise Royalty Rates, Franchise Fees and Incentive Effects.- Chapter 9. International Capital Flows, Complexity and Climate Finance: Some Enterprise-Risk and Risk-Premia Implications of Board-Governance Models and the Corporations-Model.- Chapter 10. Efficiency of Numerical Methods and Algorithms for Turning-Point Problems, Alternative Risk Premia and Bankruptcy Prediction Given Anomalies Inherent in Dividend-Equivalent-Rights (DERs) and Accelerated Share Repurchases (ASRs).- Chapter 11. Repeated Decisions in Financial Distress.- Chapter 12. Complex Systems, International Political Economy and the Externalities/Governmental-Influence Theory of the Firm.- Chapter 13. Complex Systems, Political Economy and the Behavioral/Contracts Theory of the Firm.- Chapter 14. Complex Systems, International Political Economy and the Communications/Information-Differential Theory of the Firm.- Chapter 15. Complexity and Some Numerical Turning-Point Problems Inherent in Excessive Outstanding Shares.- Chapter 16. Conclusion.- Chapter 17. Bibliography.         

About the author

Michael I. C. Nwogugu is an author, entrepreneur and consultant who has held senior management and Board-of-Director positions in companies in both the U.S. and Nigeria. Mr. Nwogugu has written three books: Risk in the Global Real Estate Market (Wiley); Illegal File-sharing Networks, Digital Goods Pricing and Decision Analysis (CRC Press); and Anomalies In Net Present Value, Returns And Polynomials And Regret Theory In Decision Making (Palgrave MacMillan). Mr. Nwogugu’s research articles have been cited in top academic journals such as International Journal of Approximate Reasoning; Applied Mathematics & Computation; Journal of Business Research; European Journal of Operational Research; PNAS; Annual Review of Psychology; Neural Computing & Applications; Journal of Experimental Psychology; Regional Science & Urban Economics; Information Fusion; Mathematical Methods of Operations Research;Europhysics Letters; Computers & Industrial Engineering; Physica-A; and Expert Systems With Applications, among others. Mr. Nwogugu earned degrees from the University of Nigeria; CUNY (New York, USA); and Columbia University (New York, USA).   

Summary

Most research about financial stability and sustainable growth focuses on the financial sector and macroeconomics and neglects the real sector, microeconomics and psychology issues. Real-sector and financial-sectors linkages are increasing and are a foundation of economic/social/environmental/urban sustainability, given financial crises, noise, internet, “transition economics”, disintermediation, demographics and inequality around the world. Within complex systems theory framework, this book analyses some multi-sided mechanisms and risk-perception that can have symbiotic relationships with financial stability, systemic risk and/or sustainable growth. Within the context of Regret Minimization, MN-Transferable Utility and WTAL, new theories-of-the-firm are developed that consider sustainable growth, price stability, globalization, financial stability and birth-to-death evolutions of firms. This book introduces new behaviour theories pertaining to real estate and intangibles, which can affect the evolutions of risk-taking and risk perception within organizations and investment entities. The chapters address elements of the dilemma of often divergent risk perceptions of, and risk-taking by corporate executives, regulators and investment managers.   
  

Product details

• Authors: Michael I C Nwogugu, Michael I. C. Nwogugu, Michael I.C. Nwogugu
• Publisher: Springer Palgrave Macmillan
• Languages: English
• Product format: Hardback
• Released: 01.12.2019
• EAN: 9781137447036
• ISBN: 978-1-137-44703-6
• No. of pages: 849
• Dimensions: 152 mm x 266 mm x 52 mm
• Weight: 1175 g
• Illustrations: XXI, 849 p. 28 illus., 2 illus. in color.
• Subjects: Social sciences, law, business > Business > Management; B, Planning, Organization, Business and Management, Banking, Financial Services, Economics and Finance, Organizational theory & behaviour, risk management, IT Risk Management, Bank marketing