Strategic risk, risk perception and risk behaviour : meta-analysis

We examine the effects of strategic risk perception on behaviour through the meta-analysis of five studies. The extant literature suggests that if risk perception is high it can decrease risk-taking behaviour. The direction of the impact is generally accepted in the business and research community,...

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Bibliographic Details
Published in:Journal of financial management and analysis 2011-07, Vol.24 (2), p.20
Main Authors: Cooper, Tom, Faseruk, Alex
Format: Article
Language:English
Subjects:
Analysis
Case studies
Decision making
Financial markets
Forecasts and trends
Meta-analysis
Political risk
Regulation
Risk assessment
Risk management
Securities markets
Studies
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Summary:We examine the effects of strategic risk perception on behaviour through the meta-analysis of five studies. The extant literature suggests that if risk perception is high it can decrease risk-taking behaviour. The direction of the impact is generally accepted in the business and research community, however, the strength of that direction is not very clear. Using meta-analysis, five strategic risk studies are synthesized to gain clarity on this issue. The results reveal that high-risk perceptions exhibit a negative relationship with risk-taking behaviour. This effect should be understood and closely monitored when formally evaluating strategic risk in business decisions, projects and management. [PUBLICATION ABSTRACT]
ISSN:0970-4205