How Behavioral Aspects Influence the Sustainable Financial Decisions of Shareholders: An Empirical Study and Proposal for a Relevant Decision-Making Concept

Sustainability

Mária Moresová¹  Mariana Sedliačiková¹  Patrik Aláč¹ 

[1] Department of Business Economics, Faculty of Wood Sciences and Technology, Technical University in Zvolen, T. G. Masaryka 24, 960 01 Zvolen, Slovakia;

关键词: behavioral finance;    sustainable financial decisions;    cognitive factors;    emotional factors;    psychological factors;    shareholders;   

DOI  :  10.3390/su12124813

来源: DOAJ

【 摘 要 】

Behavioral finance is an area or sub-discipline of behavioral economics that examines the real financial behavior and decision-making of people, including the knowledge of psychology and sociology. The objective of this paper was to identify and investigate the impact of significant cognitive, psychological and emotional factors affecting the financial decision-making of the shareholders of woodworking and furniture manufacturing and trading enterprises. This could lead to the design of decision-making concepts which take into account not only cognitive but also psychological and emotional factors and their influences on decision-making process, which could positively affect the sustainable development of the aforementioned types of enterprises. The mapping of the addressed issue was carried out by means of an empirical survey in the practice of the Slovak woodworking and furniture manufacturing and trading enterprises in the form of a questionnaire. The results of the survey were evaluated by descriptive, graphical and mathematical-statistical methods. Conclusions and recommendations were formulated based on the identification of key behavioral aspects (knowledge, security, freedom and sadness), the implementation of which could contribute to eliminating negative deviations and errors in the financial decision-making process of shareholders of woodworking and furniture manufacturing and trading enterprises.

【 授权许可】

Unknown