Abstract
The positive return on capital expenditure decisions can cause firm
value to mount for the interest of owners in a rightful way. Conversely
management sluggish feedback toward capital expenditures decisions
can augment the risk of losing future positive returns. The core idea of
this study is to work on the biased perception of managers for capital
expenditure decisions of firms under the moderating effect of culture
targets Pakistani firms. Indirect Effect has been observed by mediation
analysis in SPSS and Process by Hayes after data collected via survey.
The results suggest that effect of conservatism bias is significantly
mediated by risk perception of executives for capital expenditure
decisions.
Key words: Conservatism Bias, Risk Avoidance, CED
Nishwa Iqbal Dar, Syed Zulfiqar Ali Shah, taqadus bashir. (2019) Risk of Risk Avoidance In Firm Decisions: A study of Emerging Market, Journal of Managerial Sciences, Volume 13, Issue 3.
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