Management Analysis Journal
Vol 10 No 2 (2021): Management Analysis Journal

Problematic Firms Mostly Take More Risks? : Prospect Theory Testing in Indonesia

Rahman, Fernanda Alfian (Unknown)
Yulianto, Arief (Unknown)

Article Info

Publish Date
09 Sep 2021

Abstract

Prospect Theory Kahneman & Tversky (1979) is a behavioral theory that discusses risk taking viewed under certain conditions, whether in a win or loss condition. There is inconsistent behavior between theory and reality in companies in Indonesia. This research method uses a quantitative approach with the object of research being all companies listed on the Indonesia Stock Exchange from 2010 to 2019. The sample selection uses a purposive sampling method. The sample used as many as 206 companies with 1614 observations. This research uses ANOVA data analysis technique. Based on the results of this study, it shows that prospect theory is not supported in this study

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Journal Info
Management Analysis Journal
Website

Abbrev

maj

Publisher

Universitas Negeri Semarang

Subject

Decision Sciences, Operations Research & Management

Description

Management Analysis Journal (MAJ) is an open-access electronic journal focusing on scientific work on the field of business. This journal applies the theory developed from business research and connects it to actual business situations. The articles within this journal are published quarterly ...