Journal article
All risk-taking is not the same: examining the competing effects of firm risk-taking with meta-analysis
Review of managerial science, Vol.12(3), pp.621-660
07/01/2018
DOI: 10.1007/s11846-016-0225-9
Abstract
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.
Details
- Title: Subtitle
- All risk-taking is not the same: examining the competing effects of firm risk-taking with meta-analysis
- Creators
- Mathias Arrfelt - Arizona State UniversityMichael Mannor - University of Notre DameJennifer D. Nahrgang - Arizona State UniversityAmanda L. Christensen - University of Cincinnati
- Resource Type
- Journal article
- Publication Details
- Review of managerial science, Vol.12(3), pp.621-660
- Publisher
- Springer Nature
- DOI
- 10.1007/s11846-016-0225-9
- ISSN
- 1863-6683
- eISSN
- 1863-6691
- Number of pages
- 40
- Language
- English
- Date published
- 07/01/2018
- Academic Unit
- Management and Entrepreneurship
- Record Identifier
- 9984403065202771
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