An Operationalisation of Managerial Risk-Taking and its Performance Implications in the Tunisian Context

Amel Belanes and Rym Hachana
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Rym Hachana: Rym Hachana, Fiesta, Institut Supérieur de Gestion Résidence Donia Bloc Selma S5A 1013 El Menzah 9 B 0021621863057. E-mail: hachana_rym@yahoo.fr

Journal of Emerging Market Finance, 2009, vol. 8, issue 3, 289-314

Abstract: This article assesses managerial risk-taking and their performance in the Tunisian context. Drawing on a Tunisian sample of 46 listed companies during 1997–2006, our modelling offers a factor score of managerial risk-taking which takes into account both financial and strategic dimensions. We find that the Tunisian firms tend to be more conservative and risk-averse, which might lead to performance decline. Our analysis also highlights a non-linear relationship between managerial risk-taking and performance.

Keywords: JEL Classification: D81; JEL Classification: G30; JEL Classification: M13; Managerial risk-taking; entrepreneurial orientation; performance Tunisian firms (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:emffin:v:8:y:2009:i:3:p:289-314

DOI: 10.1177/097265270900800303

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