Dissertation > Social Sciences > Management

Study on Managerial Risk Aversion and Its Behavior of Inventory Management

Author XuYongQiang
Tutor LiZhanLei
School Hebei University of Engineering
Course Management Science and Engineering
Keywords Behavioral corporate finance Risk aversion Inventory management Dow Jones 88 index Factor analysis Multivariate linear regression
Type Master's thesis
Year 2010
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Behavioral finance has grown up since 1980s, which has pointed out those psychological factors may hinder decision-maker to make decision in a rational manner. Behavioral corporate finance as the most potential research fields, it focuses on effect between irrational managers and capital allocation of enterprise. Based on this, this paper studies that risk aversion managers influence on inventory, in hope of enhancing resources allocation efficiency, regulating behavior of inventory decision and providing a theoretical basis for inventory management.From the angle of irrational managers, this paper researches on inventory management of the managers’risk aversion. The main conclusions are: It defines concept of risk aversion, counts the value of risk aversion, constructs inventory management model of risk aversion, and does empirical research on Dow Jones 88 index announced on March, 2009, using factor analysis and multivariate linear regression, during 2004 to 2008. The empirical results that managers who risk aversion focus on self-management ability, neglect liquidity of inventory and enterprise performance, when treat to inventory. And those results become more apparent as using factor analysis.

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