Which executive characteristics influence risk-taking behaviours: evidence from Taiwanese companies. Issue 4 (8th August 2022)

• Record Type: Journal Article
• Authors: Huang, Yen-Chih; Chin, Yang-Chieh; Lee, Cheng-Yu
• Is Part Of: Asia Pacific business review. Volume 28:Issue 4(2022)
• Page Start: 579
• Page End: 605
• Publication Date: 2022-08-08
• Subjects: Taiwan -- Motivational orientation -- CEO shareholdings -- approach/avoidance -- performance feedback -- risk taking; Asia -- Commerce -- Periodicals; 338.095
• DOI: 10.1080/13602381.2021.1917159
• Languages: English
• ISSNs: 1360-2381

Abstract

ABSTRACT: Drawing on motivation and behavioural theories, this study develops a three-way interactive model to examine the antecedents and moderators regarding chief executive officer (CEO) risk-taking. Our sample consists of 136 observations of Taiwanese firms from primary and secondary sources. Using hierarchical regression analysis, we confirm that the relationship between CEO shareholdings and CEO risk-taking is positively moderated by approach orientation but negatively moderated by avoidance orientation. Furthermore, firm complexity strengthens the positive moderating effect of approach orientation.