QUANTITATIVE TECHNIQUES TRANSFER IN LEBANON: IMPLICATIONS FOR THE FINANCIAL SECTOR

Abstract

The past two decades have seen the emergence of a growing interest in using quantitative techniques in decision making. This study investigated “extent of use” and “barriers to using quantitative techniques.” Results suggest that managers over time and across boundaries, have shown weakness in using quantitative techniques. Lebanese managers in the banking industry in particular are unaware of quantitative techniques and intuitive in nature and they rely less on hard data and/or sophisticated models. The debate is no longer about “why use quantitative technique” but about “how should quantitative techniques be used?” As every profession is expected to change, so will the teacher's and the most significant and urgent question at the moment is how to train academic staff to practice what they preach.