Beliefs of Liquidity Managers about Behavioural Decision-making Determinants in their Professional Reference Group
Beliefs of Liquidity Managers about Behavioural Decision-making Determinants in their Professional Reference Group

Summary/Abstract: This paper presents opinions and beliefs of financial managers about the factors (especially behavioural determinants of decision-making, including decision traps) impacting decisions related to liquidity made by other similar professionals (professional reference group), based on the results of qualitative research made by the author. According to respondents’ beliefs presented during the interviews it seems that what managers think about their “colleagues”, thus how they perceive their professional reference group, may have an impact on their own liquidity decisions. Hence, the paper aims to recognize and outline hitherto undescribed phenomenon of reference groups’ influence in the area of liquidity management in enterprises and lay the foundations for further population research and analysis.

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