Managerial risk-taking: An empirical study

T. J. Kamalanabhan1, D. L. Sunder2
1University Telekom, Malaysia
2Indian Institute of Technology, India
Cite this article:  Kamalanabhan, T. J., & Sunder, D. L. (1999). Managerial risk-taking: An empirical study. Social Behavior and Personality: An international journal, 27(4), 421-430.

Volume 27 Issue 4 | e983 | Published: August 1999 | DOI: https://doi.org/10.2224/sbp.1999.27.4.421

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It is generally believed that managers are more risk-taking than others. However, researchers have shown managers to be both risk-averse and risk-seeking, depending on the target performance or reference points. The present study is an attempt to see if managers differ from others in risk-taking propensity. Managers, non-managerial employees, and MBA students from different organizations in Madras were administered the CDQ and modified Risk-in-Basket. Results of ANOVAs and chi-square analyses show that managers, potential managers (MBA students), and non-managerial employees do not differ significantly in risk-taking as measured by the instruments used. It is concluded that managers may be attributed higher risk-taking due to their ability and that what is really expected from our managers is successful risk-taking, rather than more risk-taking.


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