Academic review of a journal article Essay Example | Topics and Well Written Essays - 1250 words

Academic review of a journal article - Essay Example The research was aimed to provide answer to tow questions: the what and the how of decision processes of senior finance executives (Coleman, Maheswaran & Pinder 2010). Nobody has built an integrated picture of how executives make the major finance decisions and by what factors/aspects they guided (Coleman, Maheswaran & Pinder 2010). The authors highlight that the literature doesn’t offer integrated explanation of the mainline finance decisions and that it is missing not only the joint test but also variables problems as it relies on theories. Therefore, many decisions and firm’s behavior cannot be explained as it omits non-quantifiable data (Coleman, Maheswaran & Pinder 2010). Authors of the paper provide the literature review of managers as wealth destroyers followed by the growing importance of sustainability and risk aspects in decision making process. Finance managers are viewed as wealth destroyers, however, there is very limited information in the literature reviewed and discussed by Coleman, Maheswaran & Pinder (2010). Another issue that the authors are reviewing through the literature relates to the importance of sustainability and risk in finance decision making processes. Even though both these factors are not related directly to finance, finance managers increasingly rely on non-financial data in decision making process. Authors review the elements of ESG (environmental, social and governance) and highlight its importance in the modern business environment through the literature review. Finance managers tend to make their decisions based on environmental and social aspects rather than solely on financial data. Authors have designed a methodology that enabled them to resolve the questions set at the beginning of the paper. As the initial step that would provide information for further investigation, authors of the