managerial risk taking， a multitheoretical review and future research agenda

《managerial risk taking， a multitheoretical review and future research agenda》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、Seediscussions,stats,andauthorprofilesforthispublicationat:https://www.researchgate.net/publication/307977750ManagerialRiskTaking:AMultitheoreticalReviewandFutureResearchAgendaArticleinJournalofManagement·September2016DOI:10.1177/0149206316671583CITATIONSREADS02634authors,including:RobertEHoskisson

2、FrancescoChiricoRiceUniversityJönköpingUniversity151PUBLICATIONS16,31846PUBLICATIONS707CITATIONSCITATIONSSEEPROFILESEEPROFILEAllcontentfollowingthispagewasuploadedbyFrancescoChiricoon01December2016.Theuserhasrequestedenhancementofthedownloadedfile.671583JOMXXX10.1177/0149206316671583JournalofManage

3、mentHoskissonetal./ManagerialRiskTakingresearch-article2016JournalofManagementVol.XXNo.X,MonthXXXX1–33DOI:10.1177/0149206316671583©TheAuthor(s)2016Reprintsandpermissions:sagepub.com/journalsPermissions.navManagerialRiskTaking:AMultitheoreticalReviewandFutureResearchAgendaRobertE.HoskissonRiceUniver

4、sityFrancescoChiricoJönköpingUniversityTecnológicodeMonterreyJinyong(Daniel)ZyungEniGambetaRiceUniversityManagerialrisktakingisacriticalaspectofstrategicmanagement.Toimprovecompetitiveadvantageandperformance,managersneedtotakerisks,ofteninanuncertainenvironment.Formaleconomicassumptionsofrisktaking

5、suggestthatiftheexpectedvaluesfortwostrategiesaresimilarbutoneisagreatergamble(uncertain),managerswillchoosethestrategywithamorecertainoutcome.Basedontheseassumptions,agencytheoryassumesthattopmanagersshouldbecompensatedormonitoredtoachievebetteroutcomes.Wereviewthetheoryandresearchonagencytheoryan

6、dmanagerialrisktakingalongwiththeoriesthatchallengethisbasicassumptionaboutrisktaking:thebehavioraltheoryofthefirm,prospecttheory,thebehavioralagencymodelandtherelatedsocioemotionalwealthperspective,andupperechelonstheory.Wecontributetotheliteraturebyreviewingandsuggestingresearchopportunitieswithi

7、nandacrossthesetheoriestodevelopacomprehensiveresearchagendaonmanagerialrisktaking.Keywords:agencytheory;macrotopics;behavioraltheoryofthefirm;decisionsunderrisk/uncertainty;topmanagementteams/upperechelonM