search query: @author Dyer, J. / total: 4
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| Author: | Walls, M. Dyer, J. |
| Title: | Risk propensity and firm performance: a study of the petroleum exploration industry |
| Journal: | Management Science
1996 : JUL, VOL. 42:7, p. 1004-1021 |
| Index terms: | MANAGEMENT SCIENCE RISK MANAGEMENT DECISION ANALYSIS |
| Language: | eng |
| Abstract: | This paper explores the differences in observed risk propensity among petroleum firms and their impact on firm performance. In this work, the authors (1) develop a decision theoretic model which measures a firm's risk propensity in the form of an "implied" utility function;(2) investigate changes in corporate risk propentisty with respect to changes in firm size; and (3) examine the relationships between firms' risk propensities and alternative dimensions of economic performance, including ex post risk and return measures. |
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