Economic Policy, Complex Adaptive Systems, Human-Computer-Interaction and Managerial Psychology: Popular-Index Ecosystems

  • Michael I. C. Nwogugu


During 1990–2017 there was substantial debate about the nature and extent of earnings management by companies included in popular stock indices (such as S&P-500, Nikkei-225, MSCI-1500 and DAX-100 companies). These popular indices have created “Popular-Index Ecosystems,” which are a critical economic policy issue because they increase systemic risk and financial instability, and they affect managerial psychology and group decisions in large and medium-sized companies. This article contributes to the literature by (i) providing evidence of, and surveys in, endemic earnings management, asset quality management and tax evasion by “Popular-Index companies”; (ii) characterizing “Popular-Index Ecosystems” and the effects of such systems on the business climate in general; (iii) introducing new theories of corporate governance, managerial psychology, networks and risk.


Economic policy Popular-Index Ecosystems” Managerial psychology Human-computer interaction Corporate governance Risk effects 


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Authors and Affiliations

  • Michael I. C. Nwogugu
    • 1
  1. 1.EnuguNigeria

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