ANALYSIS STRATEGY CONFIGURATIONS IN RISK TAKING USING FUZZY SET QUALITATIVE COMPARATIVE ANALYSIS MODEL

Risk-taking is a key factor in corporate competitive advantage, and economic development. The type of strategic configuration that can drive high-level risk-taking is a problem worthy of attention. This study takes 2,219 listed firms in China as samples and performs a fuzzy set qualitative comparati...

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Bibliographic Details
Published in:Technological and economic development of economy 2023-04, Vol.29 (3), p.981-1004
Main Authors: Yang, Gang, Bai, Xueyan, Yang, Shiyu
Format: Article
Language:English
Subjects:
Business competition
Comparative analysis
Competitive advantage
Configurations
corporate social responsibility
corporate strategy
Decision making
Diversification
Economic development
Economic growth
Economic policy
fsQCA
Fuzzy sets
innovation
Innovations
Qualitative analysis
Regression analysis
Risk analysis
risk-taking
Social responsibility
strategic change
Strategic management
Strategy
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Summary:Risk-taking is a key factor in corporate competitive advantage, and economic development. The type of strategic configuration that can drive high-level risk-taking is a problem worthy of attention. This study takes 2,219 listed firms in China as samples and performs a fuzzy set qualitative comparative analysis (fsQCA) to explore the linkage effect and path choice of strategic change, corporate social responsibility, innovation, diversification, and financialization with corporate risk-taking (CRT). It finds that: (a) a single strategy does not constitute a necessary condition for high-level CRT; (b) three types of adaptive schemes exist for high-level CRT, among which the risk-taking level is the highest under the path of “Innovation, diversification, and financialization”; and (c) the driving paths of CRT in different regions, industries, and ownership show obvious differences.
ISSN:2029-4913
2029-4921
DOI:10.3846/tede.2023.18779