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| Author: | Wiseman, R. Catanach, A. |
| Title: | A longitudinal disaggregation of operational risk under changing regulations: evidence from the savings and loan industry |
| Journal: | Academy of Management Review
1997 : AUG, VOL. 40:4, p. 799-830 |
| Index terms: | RISK CHANGE LOANS |
| Language: | eng |
| Abstract: | The reported research examines the relative contributions of prospect and agency theory explanations for specific operational risks and subsequent firm performance in regulated and unregulated environments. Specifically, this study simultaneously models competing theoretical explanations for risk using three distinct realized operational risks managed by savings and loan (S&L) firms. It then examines the effects of these risks on performance. Implications of this study argue for a mesotheoretic approach to the modeling of risk and for its disaggregation into distinct risk choices. |
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