Should the Financial Decisions Be Made As Group Decisions?
Objective: The aim of the article is to verify the effectiveness of financial decision making as group decisions.
Methodology: The research consisted of a simple simulation game conducted with a group of students. There were 540 single games analysed, taking into account the decisions and their effectiveness with regard to the size of the decision group. The ANOVA, the dependent paired samples test as well as the independent samples test were used to verify hypothesis.
Results: The studies show that simple decisions about production and price are almost the same, regardless of size of the group but the capital structure differ significantly between the groups and between the individuals and the group. The analysis results also indicate differences in effectiveness of the decision making.
Originality/Value: The findings of research can be used to enhance the performance of the decision making process in companies, especially within the scope of finance.
KeywordsGroup decisions Finance Effectiveness
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