Original paper
Managerial Risk, Innovation, and Organizational Decline
Abstract
This article introduces managers' personal risk considerations into the relationship between organizational decline and innovation. The agency-based perspective is used to complement threat rigidity theory and prospect theory in examining how managerial ownership and slack resources affect managers' innovation decisions when firms experience poor performance. The findings indicate that more managerial ownership decelerates innovation spending....
Paper Details
Title
Managerial Risk, Innovation, and Organizational Decline
Published Date
Feb 5, 2008
Journal
Volume
35
Issue
2
Pages
258 - 281
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Notes
History