Control and the illusion of control in the financial decisions of entrepreneurs

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Published:
Dec 31, 2018
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Vol. 4 No. 2 (2018)
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Joanna Chudzian
Warsaw University of Life Sciences – SGGW, Poland
https://orcid.org/0000-0001-5565-1319
Olga Podlińska
Warsaw University of Life Sciences – SGGW, Poland
https://orcid.org/0000-0001-7249-970X
Ada Ładno
Warsaw University of Life Sciences – SGGW, Poland

DOI: https://doi.org/10.22630/AMME.2018.4.2.14
Keywords : control, illusion of control, rationality, decision-making process, financial decisions
Abstract
The article concerns the phenomenon of control and illusion of control In financial decisions of Polish enterprises. The article identifies the main determinants of the illusion of control. The aim of the paper is to assess the level of control and the degree of illusion of control. For this purpose a CAWI survey was conducted on a group of persons employed in enterprises and responsible for financial decisions. The empirical part of the article presents an primary study conducted among financial directors which showed high results of surveyed entrepreneurs in the area of control and the observed phenomenon of the illusion of control in decision-making situations in the field of finance. At the same time, the main factors influencing the level of the illusion of control were verified.

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How to Cite
Chudzian, J., Podlińska, O., & Ładno, A. (2018). Control and the illusion of control in the financial decisions of entrepreneurs. Annals of Marketing Management &Amp; Economics, 4(2), 19–30. https://doi.org/10.22630/AMME.2018.4.2.14
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