The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation
This study attempts to do three things. Firstly, it examines the Outcome Effect in evaluating variance investigations. Secondly, it tries to explain the Outcome Effect through the following cognitive links: ( 1) the outcome of an investigation will have an impact on the perceive...
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sg-ntu-dr.10356-585702023-05-19T05:45:01Z The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation Chong, Boon Hwee Goy, Siang Boon Ong, Charles Hai Beng Nanyang Business School Choo Teck Min DRNTU::Business This study attempts to do three things. Firstly, it examines the Outcome Effect in evaluating variance investigations. Secondly, it tries to explain the Outcome Effect through the following cognitive links: ( 1) the outcome of an investigation will have an impact on the perceived benefits of, the investigation, (2) investigation expenditure matched with perceived benefits are framed as costs while those without perceived benefits are framed as losses, and (3) a cost frame results in a higher performance rating compared to a loss frame. Thirdly, the study attempts to show the weakening effect that Anchoring and Adjustment may have on the Outcome Effect. The results failed to support the existence of the Outcome Effect and hence not surprisingly, the claim that a cost frame results in a higher performance rating was not supported too. On the other hand, it was found that there was partial support in the claim that the outcome affects the amount of benefits perceived and it was also concluded successfully that investigation expenditure matched with perceived benefits are framed as costs while those without perceived benefits are framed as losses. With regards to the study on the effect of Anchoring and Adjustment, the results fail to show the weakening effect that it should have on the Outcome Effect as theorized, but it should not be taken that Anchoring and Adjustment would have no weakening effect on the Outcome Effect as the successful proof of this effect is partly dependent upon of the Outcome Effect which was not demonstrated by this study. ACCOUNTANCY 2014-04-08T04:29:56Z 2014-04-08T04:29:56Z 1995 1995 Final Year Project (FYP) http://hdl.handle.net/10356/58570 en Nanyang Technological University 98 p. application/pdf |
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DRNTU::Business Chong, Boon Hwee Goy, Siang Boon Ong, Charles Hai Beng The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
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This study attempts to do three things. Firstly, it examines the Outcome Effect in
evaluating variance investigations. Secondly, it tries to explain the Outcome Effect
through the following cognitive links: ( 1) the outcome of an investigation will have an
impact on the perceived benefits of, the investigation, (2) investigation expenditure
matched with perceived benefits are framed as costs while those without perceived
benefits are framed as losses, and (3) a cost frame results in a higher performance rating
compared to a loss frame. Thirdly, the study attempts to show the weakening effect that
Anchoring and Adjustment may have on the Outcome Effect. The results failed to support
the existence of the Outcome Effect and hence not surprisingly, the claim that a cost frame
results in a higher performance rating was not supported too. On the other hand, it was
found that there was partial support in the claim that the outcome affects the amount of
benefits perceived and it was also concluded successfully that investigation expenditure
matched with perceived benefits are framed as costs while those without perceived
benefits are framed as losses. With regards to the study on the effect of Anchoring and
Adjustment, the results fail to show the weakening effect that it should have on the
Outcome Effect as theorized, but it should not be taken that Anchoring and Adjustment
would have no weakening effect on the Outcome Effect as the successful proof of this
effect is partly dependent upon of the Outcome Effect which was not demonstrated by this
study. |
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Nanyang Business School |
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Nanyang Business School Chong, Boon Hwee Goy, Siang Boon Ong, Charles Hai Beng |
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Final Year Project |
author |
Chong, Boon Hwee Goy, Siang Boon Ong, Charles Hai Beng |
author_sort |
Chong, Boon Hwee |
title |
The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
title_short |
The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
title_full |
The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
title_fullStr |
The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
title_full_unstemmed |
The significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
title_sort |
significance of outcomes, mental accounting, framing and anchoring & adjustment on performance evaluation |
publishDate |
2014 |
url |
http://hdl.handle.net/10356/58570 |
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1770565020786098176 |