haku: @author Bromiley, P. / yhteensä: 13
viite: 8 / 13
| Tekijä: | Miller, K. D. Bromiley, P. |
| Otsikko: | Strategic risk and corporate performance : an analysis of alternative risk measures. |
| Lehti: | Academy of Management Journal
1990 : DEC, VOL. 33:4, p. 756-779 |
| Asiasana: | COMPANY PERFORMANCE RISK ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | It is demonstrated that the various measures of corporate risk strategic management research has used reflect different risk factors. Factor analysis of nine measures of risk yielded three factors: income stream risk, stock returns risk, and strategic risk. The factors were stable over time. Income stream and strategic risk in a given five-year period reduced firm performance in the next five years; however, the strength of the effect varied across industries and between high- and low-performance firms. Contrary to previous cross-sectional work, performance reduced subsequent income stream uncertainty for high performers and increased income stream risk for low performers. |
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