All risk-taking is not the same: examining the competing effects of firm risk-taking with meta-analysis
| Autor: | Michael J. Mannor, Mathias Arrfelt, Amanda L. Christensen, Jennifer D. Nahrgang |
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| Rok vydání: | 2016 |
| Předmět: |
040101 forestry
Firm offer 05 social sciences 04 agricultural and veterinary sciences General Business Management and Accounting Microeconomics Firm risk Meta-analysis 0502 economics and business Economics 0401 agriculture forestry and fisheries Marketing Risk taking Construct (philosophy) 050203 business & management |
| Zdroj: | Review of Managerial Science. 12:621-660 |
| ISSN: | 1863-6691 1863-6683 |
| DOI: | 10.1007/s11846-016-0225-9 |
| Popis: | Although researchers have vigorously studied organizational risk-taking for over 35 years, relatively little emphasis has been placed on theoretically differentiating the unique relationships between the many risk-taking choices organizations make and firm risk or firm performance. In this research, we propose a new framework that builds from March’s exploration–exploitation model to argue that different risk-taking choices can have substantially different influences on firm outcomes. We use meta-analysis to examine the unique and at times competing effects of four of the most commonly studied risk-taking choices on firm risk and firm performance. Results from a meta-analysis of 257 unique studies (N = 499,808) demonstrate support for our proposed framework and cast significant doubt on the idea that commonly studied firm risk-taking choices theoretically aggregate into one overarching risk-taking construct. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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