scholarly journals The Impact of Financial Flexibility on Enterprise Risk-Taking

2020 ◽  
Author(s):  
Yunli Liu ◽  
Yuan Chang
Keyword(s):  
Risk Taking ◽  
Financial Flexibility ◽  
Enterprise Risk ◽  
The Impact

scholarly journals The nonlinear relationship between financial flexibility and enterprise risk-taking during the COVID-19 pandemic in Taiwan?s semiconductor industry

2021 ◽  
Vol 12 (2) ◽  
pp. 307-333
Author(s):  
Bao-Guang Chang ◽  
Kun-Shan Wu
Keyword(s):  
Risk Taking ◽  
Fixed Effects ◽  
Semiconductor Industry ◽  
Value Added ◽  
Global Market ◽  
Manufacturing Industries ◽  
Financial Flexibility ◽  
Ic Manufacturing ◽  
Enterprise Risk ◽  
The Impact

Research background: Risk-taking is the basis for sustainable development of enterprise. It was clear that the influence COVID-19 epidemic on the global market economy has increased operational risks for businesses. The semiconductor industry has high operating risks and financial risks. Moderate financial flexibility (FF) can improve the ability of semiconductor enterprises to acquire financial resources in real time, calmly cope with the impact of uncertainties in operation, improve investment opportunities, and enhance sustainable operation. It is therefore interesting to study the influence of FF on enterprise risk-taking (ERT). Purpose of the article: The aim of the contribution is to explore the effect of FF on ERT within Taiwan?s semiconductor industry amid the COVID-19 pandemic period, and investigate whether ERT varies with semiconductor industry characteristic. Methods: Data from first three quarters of 2020, from multinational semiconductor firms listed on the Taiwan Stock Exchange (TSE), were collected and analyzed. Fixed effects regression with heteroscedasticity adjustment used to evaluate the influence of FF on the ERT of Taiwan?s semiconductor industry. Furthermore, in order to corroborate and support the reliability of the results, this research also used the different measures of ERT and Quantile regression (median regression) in the research model to check the robustness. Findings & value added: Empirical results indicate that FF has a U-shaped effect on ERT for multinational semiconductor firms listed on the TSE, particularly within the integrated circuits (IC) manufacturing industry. Additionally, FF also has a U-shaped effect on ERT for the asset-light semiconductor and IC manufacturing industries. This article also suggests that for the asset-light semiconductor and IC manufacturing industries, the optimal inflection points are 1.1397 and 0.9729, respectively. Based on the consequences of this study, it is suggested that Taiwan?s semiconductor industry should reasonably maintain FF and focus on the liquidity risk management for the long term value added, even after the COVID-19 pandemic period.

scholarly journals Executive Overconfidence and Green Innovation

2021 ◽  
Vol 275 ◽  
pp. 02053
Author(s):  
Dandan Wang
Keyword(s):  
Sustainable Development ◽  
High Risk ◽  
Risk Taking ◽  
Green Innovation ◽  
The Sustainable Development ◽  
Innovation Activities ◽  
Important Impact ◽  
Enterprise Risk ◽  
Managerial Overconfidence ◽  
The Impact

As one of the important ways to achieve sustainable economic development, enterprise green innovation will also have an important impact on the future development of enterprises. Through the analysis, it is found that green innovation can realize the sustainable development of enterprises. However, green innovation has the characteristics of high risk and double externality, so the enthusiasm of enterprise green innovation is relatively low. As the decision maker of enterprises, the characteristics of management will have an important impact on green innovation. This paper studies the influence of Managerial Overconfidence on green innovation. This paper first studies the impact of management overconfidence on enterprise risk-taking ability, and finds that management overconfidence can improve enterprise risk-taking ability. Then it studies the impact of enterprise risk-taking ability on green innovation. The higher the enterprise risk-taking ability is, the more conducive to the implementation of green innovation activities. Through theoretical analysis, this paper concludes that management overconfidence can further promote the green innovation of enterprises by improving the risk-taking ability of enterprises.

Do Incentives Contracts Lead to Higher Risk-taking? The Impact of Executives' Characteristics

2019 ◽  
Author(s):  
François Desmoulins-Lebeault ◽  
Jean-Francois Gajewski ◽  
Luc Meunier
Keyword(s):  
Risk Taking ◽  
The Impact

The impact of index‐insured loans on credit market participation and risk‐taking

2021 ◽  
Vol 52 (1) ◽  
pp. 141-156
Author(s):  
Richard A. Gallenstein ◽  
Jon Einar Flatnes ◽  
John P. Dougherty ◽  
Abdoul G. Sam ◽  
Khushbu Mishra
Keyword(s):  
Risk Taking ◽  
Credit Market ◽  
Market Participation ◽  
The Impact

scholarly journals Effects of the COVID-19 Pandemic on Sports Entrepreneurship

2020 ◽  
Vol 12 (20) ◽  
pp. 8493
Author(s):  
Paloma Escamilla-Fajardo ◽  
Juan M. Núñez-Pomar ◽  
Ferran Calabuig-Moreno ◽  
Ana M. Gómez-Tafalla
Keyword(s):  
Service Quality ◽  
Risk Taking ◽  
Non Profit ◽  
Paired Sample ◽  
Sports Clubs ◽  
Before And After ◽  
The Impact ◽  
The Relationship ◽  
Linear Regressions ◽  
Crisis Situations

Sports entrepreneurship has been considered an important part of sports organisations when overcoming crisis situations. The aim of this study is to determine the impact of the crisis derived from COVID-19 on sports entrepreneurship and whether there are differences in the prediction of entrepreneurship on service quality in non-profit sports clubs. To this end, 145 sports clubs were analysed before and after the outbreak of the virus in society. Paired sample-t tests were carried out to determine the differences in variables studied before (Time I) and after (Time II) the COVID-19 outbreak, and correlations and hierarchical linear regressions were used to analyse the relationship between the variables studied in the two different stages. The results obtained show that risk-taking and innovation are significantly higher after the appearance of COVID-19, while proactivity has not undergone significant changes. Finally, the relationship between sports entrepreneurship and service quality is positive and significant in both stages but stronger before the crisis.

Should Fast-Food Franchisees Pursue Entrepreneurial Orientation?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Ehsan Asgharian ◽  
Misagh Tasavori ◽  
Jim Andersén
Keyword(s):  
Firm Performance ◽  
Significant Role ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Fast Food ◽  
Business Systems ◽  
Unidimensional Construct ◽  
Different Dimensions ◽  
Competitive Aggressiveness ◽  
The Impact

Abstract Although it is widely accepted that entrepreneurial orientation (EO) improves firm performance, scholars have advised that particular attention should be paid to the context. In this research, we investigate a less explored context of franchising where business systems and procedures are usually dictated to franchisees by franchisors. Therefore, whether a franchisor should allow franchisees to pursue EO (innovativeness, proactiveness, risk-taking, competitive aggressiveness, and autonomy) is not clear. In the context of franchising, the majority of prior studies have mainly focused on the employment of EO as a unidimensional construct and at the franchisor level. In this research, we take a bottom-up perspective and evaluate the impact of different dimensions of EO on franchisees’ performance. Our analysis of a multi-group of 183 restaurant franchisees located in Sweden and Iran reveals that only the pursuit of proactiveness and competitive aggressiveness improves a franchisee’s performance and other dimensions do not play a significant role in improving performance in this context.

scholarly journals The Scams Among Us: Who Falls Prey and Why

2021 ◽  
pp. 096372142199548
Author(s):  
Yaniv Hanoch ◽  
Stacey Wood
Keyword(s):  
Risk Taking ◽  
Current Knowledge ◽  
Demographic Characteristics ◽  
Popular Media ◽  
Personality Variables ◽  
The Impact

Not a week goes by without stories about scams appearing in popular media outlets. Given the ease with which scams can be circulated, they have become one of the most common crimes globally, inflicting high emotional, financial, and psychological tolls on millions of individuals. Despite their profound and pervasive impact, researchers know relatively little about why some individuals fall victim to scams but others remain immune to the techniques utilized by scammers to lure potential victims. For example, research thus far provides mixed results about the impact of demographic characteristics (e.g., age) as well as personality variables (e.g., risk taking) on individuals’ susceptibility to scams. Even less is known about how the nature or type of scam affects an individual’s susceptibility. Gaining a deeper understanding of these issues is the key to being able to develop preventive programs and reduce the prevalence of victimization. Here, we discuss some promising directions, existing gaps in current knowledge, and the need for decision scientists to address this important problem.

Sign in / Sign up

Export Citation Format

Share Document