Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants

This paper shows empirically the impact of organizational and behavioral determinants on the CEO's investment horizon choice, using artificial intelligence explanatory methods. We apply our approach to 100 Saudi firms. We test the effect of three organizational determinants: ownership...

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Auteur principal:	Fadhila Hamza
Format:	article
Langue:	EN
Publié:	Growing Science 2022
Sujets:	Social Sciences H Management. Industrial management HD28-70
Accès en ligne:	https://doaj.org/article/414e1bb413d3435d868c1d52872440b3
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id	oai:doaj.org-article:414e1bb413d3435d868c1d52872440b3
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spelling	oai:doaj.org-article:414e1bb413d3435d868c1d52872440b32021-11-10T14:30:41ZShort and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants2561-81482561-815610.5267/j.ijdns.2021.9.012https://doaj.org/article/414e1bb413d3435d868c1d52872440b32022-01-01T00:00:00Zhttp://www.growingscience.com/ijds/Vol6/ijdns_2021_74.pdfhttps://doaj.org/toc/2561-8148https://doaj.org/toc/2561-8156 This paper shows empirically the impact of organizational and behavioral determinants on the CEO's investment horizon choice, using artificial intelligence explanatory methods. We apply our approach to 100 Saudi firms. We test the effect of three organizational determinants: ownership concentration, board independence, and CEO remuneration system; and three behavioral determinants: myopia, the locus of control and commitment, on the CEO's investment horizon choice. The study’s key finding is that executives' commitment bias is the most important variable in terms of modal value that affects firms' long-term investment choice. We also find a positive and significant relationship between myopia and long-term investment choice, whereas the lowliest determinant of the horizon choice is the locus of control. More generally, these results show that CEOs who are likely to be the most myopic may display long-term behavior with the existence of high cognitive involvement.Fadhila HamzaGrowing SciencearticleSocial SciencesHManagement. Industrial managementHD28-70ENInternational Journal of Data and Network Science, Vol 6, Iss 1, Pp 155-164 (2022)
institution	DOAJ
collection	DOAJ
language	EN
topic	Social Sciences H Management. Industrial management HD28-70
spellingShingle	Social Sciences H Management. Industrial management HD28-70 Fadhila Hamza Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
description	This paper shows empirically the impact of organizational and behavioral determinants on the CEO's investment horizon choice, using artificial intelligence explanatory methods. We apply our approach to 100 Saudi firms. We test the effect of three organizational determinants: ownership concentration, board independence, and CEO remuneration system; and three behavioral determinants: myopia, the locus of control and commitment, on the CEO's investment horizon choice. The study’s key finding is that executives' commitment bias is the most important variable in terms of modal value that affects firms' long-term investment choice. We also find a positive and significant relationship between myopia and long-term investment choice, whereas the lowliest determinant of the horizon choice is the locus of control. More generally, these results show that CEOs who are likely to be the most myopic may display long-term behavior with the existence of high cognitive involvement.
format	article
author	Fadhila Hamza
author_facet	Fadhila Hamza
author_sort	Fadhila Hamza
title	Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
title_short	Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
title_full	Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
title_fullStr	Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
title_full_unstemmed	Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
title_sort	short and/or long-term investment choice: artificial intelligence analysis of the role of both or-ganizational and behavioral determinants
publisher	Growing Science
publishDate	2022
url	https://doaj.org/article/414e1bb413d3435d868c1d52872440b3
work_keys_str_mv	AT fadhilahamza shortandorlongterminvestmentchoiceartificialintelligenceanalysisoftheroleofbothorganizationalandbehavioraldeterminants
_version_	1718439976989884416

Short and/or long-term investment choice: Artificial intelligence analysis of the role of both or-ganizational and behavioral determinants

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