Articlediamond1970

Top Management Team Risk Taking Propensities and Firm Performance: Direct and Moderating Effects

Matthew Gilley · Bruce Alan Walters · Bradley J. Olson

88 citations0/0 files storedJournal of Business Strategies

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Team Dynamics and Performance Leadership, Behavior, and Decision-Making Studies Organizational Management and Leadership

Abstract

We investigate the influence of top management team (TMT) risk takingpropensities on firm performance. Diverging from previous work on the risktaking-performance relationship, we rely on perceptual (rather than archival)measures of risk taking. In addition to financial performance, we examineother performance outcomes of risk taking, such as innovativeness andstakeholder satisfaction. Contrary to the findings of Bromiley (1991J andBowman (1980), we find that risk taking has a strong positive influence onfirm performance. In addition, the risk taking-performance relationship ismoderated by the dynamism of the firm's industry. More specifically, we findthat the benefits of TMT risk taking are reduced in more dynamic environments.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 88 citations exist upstream.

References

1990Comparative fit indexes in structural models.1989Structural Equations with Latent Variables 1969The social psychology of organizing 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1977The Population Ecology of Organizations 1995PSYCHOLOGICAL, EMPOWERMENT IN THE WORKPLACE: DIMENSIONS, MEASUREMENT AND VALIDATION.1994The Management of Innovation

Cited by

2017The effect of public support on senior manager attitudes to innovation 2014THE RELATIONSHIP BETWEEN TOP MANAGEMENT TEAM INNOVATION ORIENTATION AND FIRM GROWTH: THE MEDIATING ROLE OF FIRM INNOVATIVENESS 2021The Effect of Risk, R&D Intensity, Liquidity, and Inventory on Firm Performance during COVID-19: Evidence from US Manufacturing Industry 2021The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach 2014The Impact of Inflation After the Revolution in Tunisia

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.