Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/206348 
Year of Publication: 
2016
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 19 [Issue:] 3 [Publisher:] Elsevier España [Place:] Barcelona [Year:] 2016 [Pages:] 219-231
Publisher: 
Elsevier España, Barcelona
Abstract: 
We adopt a risk-taking capability perspective to study the determinants of risk-taking behavior. We introduce the concept of “risk-taking capabilities”—absorptive capacity, network resources, and organizational slacks—arguing that recognition of threat and risk-taking capabilities will influence risk-taking behavior, while the theoretical debate on threat recognition needs to be clarified. Then, drawing from prospect theory, threat rigidity hypothesis, and resource-based views of firms (RBV), we hypothesize that firms’ performance, risk-taking capabilities, and their interaction will positively correlate with risk-taking behavior. We test our hypotheses using the data from Taiwan's high technology industries. Our analyses lend support to the threat rigidity hypothesis, and risk-taking capabilities are indeed positively correlated with firms’ risk-taking behavior and also moderate the relationship between past performance and risk-taking behavior."
Subjects: 
Risk-taking behavior
Risk-taking capabilities
Prospect theory
Threat rigidity hypothesis
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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