Topic
Business risks
About: Business risks is a research topic. Over the lifetime, 2830 publications have been published within this topic receiving 44819 citations.
Papers published on a yearly basis
1 / 2
Papers
TL;DR: In this paper, the authors use behavioral theory to show that family firms are risk-averse and risk-wary at the same time, and that the predictions of behavioral theory differ depending on family ownership.
Abstract: This paper challenges the prevalent notion that family-owned firms are more risk averse than publicly owned firms. Using behavioral theory, we argue that for family firms, the primary reference point is the loss of their socioemotional wealth, and to avoid those losses, family firms are willing to accept a significant risk to their performance; yet at the same time, they avoid risky business decisions that might aggravate that risk. Thus, we propose that the predictions of behavioral theory differ depending on family ownership. We confirm our hypotheses using a population of 1,237 family-owned olive oil mills in Southern Spain who faced the choice during a 54-year period of becoming a member of a cooperative, a decision associated with loss of family control but lower business risk, or remaining independent, which preserves the family's socioemotional wealth but greatly increases its performance hazard. As shown in this study, family firms may be risk willing and risk averse at the same time.
3,874 citations
TL;DR: In this paper, the authors provide a conceptual framework that reflects the joint activities of risk assessment and risk mitigation that are fundamental to disruption risk management in supply chains, and consider empirical results from a rich data set covering the period 1995-2000 on accidents in the U. S. Chemical Industry.
Abstract: There are two broad categories of risk affecting supply chain design and management: (1) risks arising from the problems of coordinating supply and demand, and (2) risks arising from disruptions to normal activities. This paper is concerned with the second category of risks, which may arise from natural disasters, from strikes and economic disruptions, and from acts of purposeful agents, including terrorists. The paper provides a conceptual framework that reflects the joint activities of risk assessment and risk mitigation that are fundamental to disruption risk management in supply chains. We then consider empirical results from a rich data set covering the period 1995–2000 on accidents in the U. S. Chemical Industry. Based on these results and other literature, we discuss the implications for the design of management systems intended to cope with supply chain disruption risks.
2,156 citations
Posted Content•
1,374 citations
TL;DR: This paper showed that firm performance and business risk are much stronger predictors of the chief executiv... of Spanish newspapers over a period of 27 years (1966-93) and showed that firms' performance and risk are correlated with chief executability.
Abstract: Drawing on data based on the entire population of Spanish newspapers over 27 years (1966-93), this study shows that firm performance and business risk are much stronger predictors of chief executiv...
1,374 citations
TL;DR: Wang et al. as discussed by the authors analyzed the key risks in construction projects in China and developed strategies to manage them from a joint perspective of project stakeholders and life cycle and concluded that clients, designers and government bodies should take the responsibility to manage their relevant risks and work cooperatively from the feasibility phase onwards to address potential risks in time.
870 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2025 | 16 |
| 2024 | 19 |
| 2023 | 61 |
| 2022 | 68 |
| 2021 | 109 |
| 2020 | 141 |