The Norwegian banking crisis: Managerial escalation of decline and crisis

Linda M. H. Lai

Scandinavian Journal of Management, 1994, vol. 10, issue 4, 397-408

Abstract: This paper examines the impact and nature of managerial contribution to the Norwegian banking crisis. Numerous findings are reviewed which suggest that many bank managers produced inappropriate responses to the initial decline and subsequent crisis, and thus contributed to the crisis, due to a set of common managerial misrepresentations of the situation. These include: external attribution of failure, overoptimism and overconfidence, the confirmation trap, the illusion of control, irrational escalation of commitment and insufficient adjustment.

Keywords: Banking; crisis; decision; making; crisis; management; decision; traps (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0956522194900264
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:scaman:v:10:y:1994:i:4:p:397-408

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/872/bibliographic
http://www.elsevier. ... me/872/bibliographic

Access Statistics for this article

Scandinavian Journal of Management is currently edited by Janne Tienari

More articles in Scandinavian Journal of Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().