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Information concerning the long‐term consequences of credit repayment decisions is often not available for flexible credit facilities such as credit cards. The purpose of this paper is to investigate the role of such information in repayment decisions. A dual mental accounting model of money management predicted that repayments would be influenced by both total cost and loan duration information. Experiment 2 also investigated the role of key economic and psychological factors, including some related to a risk defusing operator model of risk management.

In two questionnaire‐based experiments bank customers (n=241; 300) were presented with credit card and remortgage repayment scenarios. In both studies, total cost and loan duration information were varied in a 2×2 randomised‐groups factorial design.

In both studies, analysis of covariance showed that information on the long‐term consequences of repayment decisions lead to significantly higher levels of repayment. However, in Experiment 2, it was found using hierarchical multiple regression that disposable income, level of education, and the perception of, and worry about, repayment difficulties had larger significant effects on repayment levels.

The effects of long‐term consequence information were interpreted in terms of mental accounting and future‐oriented thinking. The effect of concern with future repayment difficulties suggests that borrowers choose lower repayments to control such risks.

Providing total cost and loan duration information for a range of repayment levels could help borrowers make better repayment decisions.

These novel findings contribute to our understanding of borrowers’ repayment behaviour.

This paper seeks to show optimal strategies for firms to cope with analysis and management of risks.

Empirical and experimental studies on gender differences in risk analysis and risk management are reported and assessed.

Women appear less sensitive to probabilities and more pessimistic towards gains than men. In risk management, women seem to have a comparative advantage with respect to diversification and communication tasks.

Empirical testing of the hypothesis that mixed teams of senior managers optimize risk analysis and management is still missing. Deeper insights into the optimal structure of men's and women's cooperation with respect to risk analysis and management are missing.

A well established cooperation of men and women at the senior management level appears recommendable for firms which strive for an optimization of their risk analysis and risk management. Furthermore, such cooperation is desirable with respect to a society's perspective.

Identification of gender differences in risk analysis and management are pointed. Such differences matter since analysis and management of risk are decisive issues for firms.

The purpose of this paper is to explore the availability of risk disclosures in the annual reports of Malaysian companies by focusing on the non‐financial section of the reports. In addition, the paper aims to empirically test the sampled companies' characteristics and to compare the levels of risk faced by these companies with the disclosures made.

The method used in this study is content analysis. A total of 100 listed companies' annual reports were analyzed in order to trace the extent of risk disclosure and the relationship against firm characteristic and diversification strategy were tested. Stakeholder theory was used in explaining the linkages between the variables.

The total number of sentences dedicated for discussion of risk information by the sampled Malaysian companies is very much less when compared to a 2006 study done by Lisley and Shrives in the UK. Size does matter and proven significant by the regression results. This finding is expected and explainable from stakeholder theory.

Future research is encouraged to look deeper into the different variables that may be involved. The development of a local risk measurement checklist will help researchers to better reflect on the findings in the local context.

Findings in regards of the current state of risk disclosure should be of concern to relevant reg ulatory bodies.

This paper provides an initial understanding of risk management disclosure practices in Malaysia. The government, through various relevant parties, should devise the means to enhance companies' involvement in risk management disclosure practices.

Research on biases in investment decision-making is indubitably important; however, studies in this context are relatively scarce. Unpacking bias has received attention in the psychological literature yet very little attention from management accounting research. This bias suggests that the perceived probability that an event will occur generally increases when the event's description is unpacked into a disjunction of subevents. The authors hypothesize that for a capital investment decision context, managers' judgement of the probability of a future event depends on whether the event is described as one packed event or is unpacked into several disjoint subevents. Additionally, the authors propose that altering the format of the description of an event's occurrence from percentage values to relative frequencies reduces unpacking bias.

To test the study’s hypotheses, the authors conducted two experiments based on a 3 × 2 mixed experimental design in which manager participants were asked to estimate the failure probabilities of technical systems in the context of an investment decision.

The authors provide evidence that unpacking bias occurs in an investment scenario, which can be characterized as a high-stakes decision context. Changing the format in which probabilities are presented from percentage values to relative frequencies significantly reduces the bias.

Additional instructions did not further reduce unpacking bias.

For investment decisions under uncertainty, performance indicators in management templates should be presented in relative frequencies to improve managerial decision-making. The fact that the authors could not show an additional effect of instructions in management accounting reports indicates that it is challenging for management accountants to reduce the biased decision-making of managers by “teaching” them through the provision of instructions.

The authors contribute to accounting research by illustrating unpacking bias and by deriving a debiasing mechanism in a capital investment decision context.

To present a new special explosive ordnance disposal (EOD) robot designed to operate onboard airplanes.

The design approach adopted is multidisciplinary: mechanical and control architectures are conceived simultaneously. Modularity and lifecycle are considered. Motion and EOD tasks are controlled in tele‐operation.

A new EOD robot was designed in detail and it is ready to be built. A dynamic simulator has been written and set‐up, including a virtual reality module. The simulator is used to define the control logics. Simulation results are satisfactory. The simulator can be used as a training platform for the bomb squads.

The intent to keep the cost of the robot low conditioned the selection of the materials. Only aluminium and standard composites (like carbon fibers composites) have been used. A higher degree of freedom of the arm could increase the usability of the system; to limit the cost, the degree of freedom was limited to seven. A decision support system based on an expert system interfaced with the simulator could improve the performance of the system.

A new EOD robot will be built and commercialised soon by the industrial partner Ansaldo Ricerche.

The EOD robots available for use inside aircrafts are discussed. A new system named AirEOD is presented, including mobile platform, dexterous arm and all related design and control issues.

This paper aims to analyze the importance and application of whistleblowing in the fight against fraud in Nigeria’s capital market.

Drawing from existing legislation and literature in the area, the paper (by adopting a doctrinal approach), analyzes the application of whistleblowing in the Nigerian capital market.

As a result of an inadequate legislative framework (a structure consisting mainly of mere policy directives and voluntary codes), whistleblowing is seldom used in Nigeria’s capital market.

This paper extends the body of knowledge in the area of whistleblowing in Nigeria’s capital market by not only identifying the non-utilization of the concept but also offers creative suggestions, which will help it is to normalize as a regulatory tool for reducing fraud in this sector.

WHEN ROBERT HERRICK, that weaver of lovely words, wrote that, it was Youth that Man was accused of squandering. Never before have we been so guilty of that crime than as we are today.

In this extract from his latest book Mark Haynes Daniell analyses new sources of risk and opportunity as the telecommunications industry revolutionises the business world. He looks at recurring risk patterns and what can be done to combat them. He then looks at how some of the biggest names have coped and provides some lessons which should be learned.

UK oil and gas producers through unilateral action and consensus have been ultimately responsible for many key safety improvements in global helicopter services. With production assets no longer concentrated in the hands of a few major operators, the question is whether this leadership role can be assured in the future. This paper aims to summarise doctoral research that examined the economics of safety in the offshore helicopter industry.

The offshore helicopter industry has particular characteristics, including: greater levels of safety training and choice is severely limited. A carefully structured questionnaire was presented to a sample of offshore helicopter passengers, and the responses analysed in depth.

Shifts in perceptions of safety risk are predictable, and potentially measurable, and translate into demands for action based on a mechanism of individual choice. It is then the cumulative effects of any shift in individual choices that determine the scale and scope of organisational response required by the employer and/or its agents.

This research data is only sufficient to predict the manner in which perceptions of safety impact on the sustainability of offshore helicopter travel.

The fundamental characteristics and dynamics of offshore helicopter travel still have the potential to result in some significant instability amongst the offshore workforce, and within the industry. There is strong evidence that oil and gas producers need to be prepared to take a leadership role. As the demands for consensus increase, this research can be developed into a useful analysis and safety management aid.