TY - JOUR
AU1 - Palmer, Timothy B.
AU2 - Wiseman, Robert M.
AB - This paper builds and tests a holistic model of risk in organizations. Using structural equations modeling, we disaggregated risk into two distinct components, managerial risk taking and income stream uncertainty, or organizational risk. This allowed us to identify an array of organizational and environmental antecedents that have either been examined in isolation or neglected in previous studies about risk. Our results suggest that both organizational and environmental factors promote risk taking. Further, we found strong support for behavioral theory of the firm and agency theory on risk but not upper echelons theory. Our data also suggest that environmental characteristics have a negligible direct effect on organizational risk. Instead, the environment’s impact on risk occurs primarily through managerial choices. Copyright © 1999 John Wiley & Sons, Ltd.
TI - Decoupling risk taking from income stream uncertainty: a holistic model of risk
JF - Strategic Management Journal
DO - 10.1002/(SICI)1097-0266(199911)20:11<1037::AID-SMJ67>3.0.CO;2-2
DA - 1999-11-01
UR - https://www.deepdyve.com/lp/wiley/decoupling-risk-taking-from-income-stream-uncertainty-a-holistic-model-0dVHgf0P3v
SP - 1037
EP - 1062
VL - 20
IS - 11
DP - DeepDyve
ER -