Managerial Risk Taking
Abstract
Managerial risk taking is a critical aspect of strategic management. To improve competitive advantage and performance, managers need to take risks, often in an uncertain environment. Formal economic assumptions of risk taking suggest that if the expected values for two strategies are similar but one is a greater gamble (uncertain), managers will choose the strategy with a more certain outcome. Based on these assumptions, agency theory assumes...
Paper Details
Title
Managerial Risk Taking
Published Date
Nov 3, 2016
Journal
Volume
43
Issue
1
Pages
137 - 169
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