Artikel
What makes firms embrace risks? A risk-taking capability perspective
We adopt a risk-taking capability perspective to study the determinants of risk-taking behavior. We introduce the concept of “risk-taking capabilities”—absorptive capacity, network resources, and organizational slacks—arguing that recognition of threat and risk-taking capabilities will influence risk-taking behavior, while the theoretical debate on threat recognition needs to be clarified. Then, drawing from prospect theory, threat rigidity hypothesis, and resource-based views of firms (RBV), we hypothesize that firms’ performance, risk-taking capabilities, and their interaction will positively correlate with risk-taking behavior. We test our hypotheses using the data from Taiwan's high technology industries. Our analyses lend support to the threat rigidity hypothesis, and risk-taking capabilities are indeed positively correlated with firms’ risk-taking behavior and also moderate the relationship between past performance and risk-taking behavior."
- Sprache
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Englisch
- Erschienen in
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Journal: BRQ Business Research Quarterly ; ISSN: 2340-9436 ; Volume: 19 ; Year: 2016 ; Issue: 3 ; Pages: 219-231 ; Barcelona: Elsevier España
- Klassifikation
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Management
- Thema
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Risk-taking behavior
Risk-taking capabilities
Prospect theory
Threat rigidity hypothesis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tsai, Hsiu-Fen
Luan, Chin-Jung
- Ereignis
-
Veröffentlichung
- (wer)
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Elsevier España
- (wo)
-
Barcelona
- (wann)
-
2016
- DOI
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doi:10.1016/j.brq.2016.01.002
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Tsai, Hsiu-Fen
- Luan, Chin-Jung
- Elsevier España
Entstanden
- 2016
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