Indulgence and risk-taking behavior of firms: Direct and interactive influences

Name: Indulgence and risk-taking behavior of firms: Direct and interactive influences
Author: Alipour, Ali, Yaprak, A.

İsim	Indulgence and risk-taking behavior of firms: Direct and interactive influences
Yazar	Alipour, Ali, Yaprak, A.
Basım Tarihi:	2022-06
Basım Yeri	- Elsevier
Konu	Growth opportunities, Indulgence, National culture, Risk-taking behavior, Slack resources
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1075-4253
Kayıt Numarası	45a09e00-0358-4547-bdcc-c319c74584f7
Lokasyon	Business Administration
Tarih	2022-06
Örnek Metin	This study examines the impact of Hofstede's indulgence vs restraint national culture dimension (IVR) on firms' risk-taking behavior. We argue that firms in more indulgent societies will show greater risk-taking behavior given their tendencies to be less rigid and their greater inclination for discounting risk-taking losses. We further argue that the buffers that slack resources provide against risk-taking losses and the positive expectations of potential gains from risk-taking provided by growth opportunities will further increase firms' risk-taking behavior when interacting with indulgence mechanisms. Our findings from a 37-country study support these arguments. They show that high indulgence does increase firms' risk-taking behavior and slack resources and growth opportunities intensify this causal effect. Tests of three-way interactions further reveal that the positive impact of indulgence on firms' risk-taking behavior is strongest when both slack resources are abundant and the growth opportunities are high. We extend current knowledge about culture's effect on firm behavior.
DOI	10.1016/j.intman.2022.100945
Cilt	28

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Indulgence and risk-taking behavior of firms: Direct and interactive influences

Yazar Alipour, Ali, Yaprak, A.

Basım Tarihi 2022-06

Basım Yeri - Elsevier

Konu Growth opportunities, Indulgence, National culture, Risk-taking behavior, Slack resources

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1075-4253

Kayıt Numarası 45a09e00-0358-4547-bdcc-c319c74584f7

Lokasyon Business Administration

Tarih 2022-06

Örnek Metin This study examines the impact of Hofstede's indulgence vs restraint national culture dimension (IVR) on firms' risk-taking behavior. We argue that firms in more indulgent societies will show greater risk-taking behavior given their tendencies to be less rigid and their greater inclination for discounting risk-taking losses. We further argue that the buffers that slack resources provide against risk-taking losses and the positive expectations of potential gains from risk-taking provided by growth opportunities will further increase firms' risk-taking behavior when interacting with indulgence mechanisms. Our findings from a 37-country study support these arguments. They show that high indulgence does increase firms' risk-taking behavior and slack resources and growth opportunities intensify this causal effect. Tests of three-way interactions further reveal that the positive impact of indulgence on firms' risk-taking behavior is strongest when both slack resources are abundant and the growth opportunities are high. We extend current knowledge about culture's effect on firm behavior.

DOI 10.1016/j.intman.2022.100945

Cilt 28