Sustainable Finance: What are the behavioral motives in the Dieselgate case / Charline BILLARD / 2020

Titre : Sustainable Finance: What are the behavioral motives in the Dieselgate case Type de document : Mémoire Auteurs : Charline BILLARD, Auteur Année de publication : 2020 Importance : 29 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management FINANCE COMPORTEMENTALE ; FINANCE INTERNATIONALE ; SCIENCE DU COMPORTEMENT Résumé : While there has been a general awareness in recent years of the importance of sustainable development, finance now plays a major role in the strategy to be carried out in order to achieve our common objectives, as set out in the Paris agreements. In contrast, behavioral biases are holding back sustainable investment, leading to the outbreak of scandals such as the Dieselgate scandal , first at Volkswagen and then at other manufacturers. The research question addressed in this analysis is: what are the behavioral motives in the Dieselgate case? Several hypotheses are put forward and are studied thanks to the analysis of secondary data. The study shows that the Dieselgate scandal was caused by the involvement of several biases, particularly the abstract information that led decision-makers to choose a project with immediate rather than future results, the excessive confidence of Martin Winterkorn, then CEO of Volkswagen, whose sole objective was to become world leader at all costs, but also that there was a phenomenon of anchoring and adjustment to the context in which the German company was operating, and that managers were affected by sunk costs, making their behavior irrational. The study also highlights certain sectors likely to face such scandals. Programme : PGE-Reims Spécialisation : Advanced Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=529114