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Reasons why Financial Managers hired and provide behavioral examples?
Behavioral finance is the integration of classical economics and finance with psychology and the decision-making sciences.It is an attempt to explain what causes some of the anomalies that have been observed and reported in the finance literature. and how investors systematically make errors injudgement, or mental mistakes.
All these are the reasons why Finance Managers are hired by organization so as to guide the organization on matters of finance by giving directions and mitigating financial risks in the undertakings of the organization.A finance Manager must be strong ,have will power and use all means to protect loss of any cent of the organization.All financial undertakings/commitments must be within the approvals set.
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