Negative Effects of Framing and Adverse Selection on the Commitment Escalation in Investment Decision Making
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Nov 24, 2022
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Abstract
Commitment escalation is a decision making to increase or expand commitments in a particular project or investment even if the project or investment indicates failure. This research aims to obtain empirical evidence from the influences of adverse selection and negative framing on the tendency to escalate commitments. This study used a 2x2 factorial experimental design with a case instrument. Participants in this study were S2 students in the Master of Management and Master of Accounting programs as proxy managers selected with purposive sampling techniques. This study has taken 72 Financial Management and Management Accounting courses. The analytical technique used ANOVA two ways. The results indicate that adverse selection affects the tendency of commitment escalation. In addition, this study also proves the tendency for escalation of commitments influenced by negative framing
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How to Cite
Puspita Sari, D., & Rahman , A. (2022). Negative Effects of Framing and Adverse Selection on the Commitment Escalation in Investment Decision Making. Enrichment : Journal of Management, 12(5), 3463-3470. https://doi.org/10.35335/enrichment.v12i5.804
References
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Fehrenbacher, D., Roetzel, P. G., Pedell, B. (2018). The influence of culture and framing on investment decision-making: The case of Vietnam and Germany. Cross Cultural and Strategic Management. https://doi.org/10.1108/CCSM-10-2017-0139
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate Data Analysis (7th ed). New Jersey: Pearson Education.
Helmayunita, N. (2015). Pengaruh Adverse Selection , Kontrol Monitoring , dan Penalaran Moral Individu Terhadap Perilaku Eskalasi Komitmen. Wahana Riset Akuntansi, 3(1), 513–528.
Irfan dan Dessykafebria. (2015). Experimental Study : Negative Framing, Rigid Thingking and The Escalation of Commitment on Decision Making. Journal of Business Administration and Management Sciences Research, 4(2), 042–048.
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Prihatini, D. (2021). Pengaruh Adverse Selection, Negative Framing dan Gaya Kepemimpinan Terhadap Eskalasi Komitmen (Studi Kasus pada Mahasiswa Prodi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Tanjungpura Pontianak). JAAKFE UNTAN (Jurnal Audit Dan Akuntansi Fakultas Ekonomi Universitas Tanjungpura), 10(1), 19. https://doi.org/10.26418/jaakfe.v10i1.46713
Rita, M.R., dan Sari, M. P. (2012). Pengaruh Adverse Selection Dan Negative Framing Terhadap Eskalasi Komitmen. Fakultas Ekonomika Dan Bisnis Universitas Kristen SatyaWacana, 1(1), 215–223.
Salter, S.B., Sharp, D. J. (2004). The Determinants of Escalation of Commitment: National Culture and Experiences Effects.
Sari, N. dan Wirakusuma, M. (2017). Pengaruh Adverse Selection dan Negative Framing pada Kecenderungan Eskalasi Komitmen. Jurnal Ilmiah Akuntansi Dan Bisnis, 3, 1. https://doi.org/10.24843/jiab.2017.v12.i01.p01
Yani, F. Rodiah, S. Azmi, Z. (2019). PENGARUH ADVERSE SELECTION DAN LOCUS OF CONTROL TERHADAP KECENDERUNGAN ESKALASI KOMITMEN DALAM PENGAMBILAN KEPUTUSAN INVESTASI. Jurnal Akuntansi & Ekonomika, 9(2).
Yusra, M dan Atika, S. (2017). PENGARUH NEGATIVE FRAMING DAN ADVERSE SELECTION TERHADAP PENGAMBILAN KEPUTUSAN ESKALASI KOMITMEN: (Studi Empiris pada Mahasiswa Akuntansi Universitas Malikussaleh). Jurnal Akuntansi Dan Keuangan, 5(2), 91–98. https://doi.org/10.29103/jak.v5i2.1816
Arimawan, M. S., S. (2014). Pengaruh Negative Framing Dan Adverse Selection Terhadap Eskalasi Komitmen. Nominal, Barometer Riset Akuntansi Dan Manajemen, 3(1). https://doi.org/10.21831/nominal.v3i1.2150
Dwita, S. (2007). Influence of Adverse Selection and Negative Framing on Escalation Commitment In Project Evaluation Decisions. SNA X, Makassar.
Edfa, R. A dan Dwita, S. (2019). Pengaruh Informasi Investasi Dan Overconfidence Terhadap Eskalasi Komitmen. Jurnal Eksplorasi Akuntansi, 1(4), 1916–1932. https://doi.org/10.24036/jea.v1i4.186
Fehrenbacher, D., Roetzel, P. G., Pedell, B. (2018). The influence of culture and framing on investment decision-making: The case of Vietnam and Germany. Cross Cultural and Strategic Management. https://doi.org/10.1108/CCSM-10-2017-0139
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate Data Analysis (7th ed). New Jersey: Pearson Education.
Helmayunita, N. (2015). Pengaruh Adverse Selection , Kontrol Monitoring , dan Penalaran Moral Individu Terhadap Perilaku Eskalasi Komitmen. Wahana Riset Akuntansi, 3(1), 513–528.
Irfan dan Dessykafebria. (2015). Experimental Study : Negative Framing, Rigid Thingking and The Escalation of Commitment on Decision Making. Journal of Business Administration and Management Sciences Research, 4(2), 042–048.
Kahneman, D., & Tversky, A. (2017). Choises, Values, and Frames. Cambridge University Press.
Narsa, I. M dan Narsa, N. P. (2021). The Effect of Adverse Selection and Psychological Capital on Decision Making Involving Escalation Situations: An Experimental Study. Jurnal Ilmiah Akuntansi, 6(1), 01. https://doi.org/10.23887/jia.v6i1.30239
Narsa, N. P. D. R. H., & Narsa, I. M. (2018). The relationship between psychological capital and the escalation of commitment in capital project continuation decisions: Empirical evidence from Indonesia. International Journal of Economics and Management, 12(Special Issue 1), 91–104.
Nasution, H. Zakiyah, S. Suryawati, F. R. (2019). Pengaruh Adverse Selection Dan Negative Framing Terhadap Eskalasi Komitmen Dalam Pengambilan Keputusan Investasi. Jurnal Manajemen Dan Organisasi, 10(3), 197–206. https://doi.org/10.29244/jmo.v10i3.30153
Prihatini, D. (2021). Pengaruh Adverse Selection, Negative Framing dan Gaya Kepemimpinan Terhadap Eskalasi Komitmen (Studi Kasus pada Mahasiswa Prodi Akuntansi Fakultas Ekonomi dan Bisnis Universitas Tanjungpura Pontianak). JAAKFE UNTAN (Jurnal Audit Dan Akuntansi Fakultas Ekonomi Universitas Tanjungpura), 10(1), 19. https://doi.org/10.26418/jaakfe.v10i1.46713
Rita, M.R., dan Sari, M. P. (2012). Pengaruh Adverse Selection Dan Negative Framing Terhadap Eskalasi Komitmen. Fakultas Ekonomika Dan Bisnis Universitas Kristen SatyaWacana, 1(1), 215–223.
Salter, S.B., Sharp, D. J. (2004). The Determinants of Escalation of Commitment: National Culture and Experiences Effects.
Sari, N. dan Wirakusuma, M. (2017). Pengaruh Adverse Selection dan Negative Framing pada Kecenderungan Eskalasi Komitmen. Jurnal Ilmiah Akuntansi Dan Bisnis, 3, 1. https://doi.org/10.24843/jiab.2017.v12.i01.p01
Yani, F. Rodiah, S. Azmi, Z. (2019). PENGARUH ADVERSE SELECTION DAN LOCUS OF CONTROL TERHADAP KECENDERUNGAN ESKALASI KOMITMEN DALAM PENGAMBILAN KEPUTUSAN INVESTASI. Jurnal Akuntansi & Ekonomika, 9(2).
Yusra, M dan Atika, S. (2017). PENGARUH NEGATIVE FRAMING DAN ADVERSE SELECTION TERHADAP PENGAMBILAN KEPUTUSAN ESKALASI KOMITMEN: (Studi Empiris pada Mahasiswa Akuntansi Universitas Malikussaleh). Jurnal Akuntansi Dan Keuangan, 5(2), 91–98. https://doi.org/10.29103/jak.v5i2.1816