Wpływ czynników psychologicznych na podejmowanie decyzji dotyczących płynności finansowej przedsiębiorstwa w okresie niestabilności gospodarczej

Abstract

Article presents selected mechanisms that can distort liquidity management process in times of economic instability. It concentrates on errors (heuristics, biases) that may increase probability of making a bad choice. They are called "decision traps". The practical aim of this article is to make managers and finance directors in enterprises aware of certain non-economical mechanisms (coming from their mind, emotions, locus of control etc.) influencing their decisions. Such knowledge can help them to control detrimental factors and therefore improve quality of their decisions.