Journal
REVIEW OF MANAGERIAL SCIENCE
Volume 12, Issue 3, Pages 621-660Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11846-016-0225-9
Keywords
Firm risk; Risk-taking; Meta-analysis
Categories
Ask authors/readers for more resources
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.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available