IMPLEMENTATION OF CAUSAL RELATIONSHIPS BETWEEN BEHAVIOR AND RESPONSIBILITY AS THE BASIS OF EFFECTIVE FINANCIAL AND MANAGEMENT DECISIONS

Abstract

The purpose of this article is to determine the role and characteristics of the intrinsic connections between behavioral phenomena and specific forms of responsibility within financial activities. The research aims to identify an optimal balance that aligns the interests of individual participants with broader socio-economic objectives. This study addresses a critical gap in behavioral theory: the formation of a cohesive behavioral chain that integrates interests, actions, and accountability. It is observed that while the manifestations and implementation mechanisms of these elements are influenced by dynamic transformations in the global economy, their underlying essence remains constant, with changes primarily affecting their substantive content and contextual application.
The study concludes that a desired behavioral model can only be achieved through a comprehensive approach that integrates the full spectrum of behavioral factors and motives within the context of their impact on the overall behavioral chain. A fundamental condition for success is the rigorous consideration of the existing causal links between interests, behavior, and responsibility. The research finds that due to ongoing academic debates surrounding the mechanisms of responsibility, its role within cause-and-effect relationships is often overlooked in the development of regulatory models.
Furthermore, the paper substantiates that responsibility is capable of redirecting financial behavior and harmonizing conflicting financial interests. The importance of establishing a robust system for preventing and overcoming irresponsibility is emphasized. Ultimately, comprehending the role of responsibility within the causal behavioral chain unlocks new opportunities for maximizing the potential of financial and management decision-making processes.