Risk-Taking

Thomas Grandjean and ChinHwee Tan

Chapter 5 in Values at the Core:How Human Values Contribute to the Rise of Nations, 2020, pp 65-81 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Eric stormed out of the room, clearly unhappy with the way his meeting had unfolded. He was attending the bank’s credit committee meeting to advocate for a credit line to one of his new clients, a local producer of heavy machinery. The committee declined to pursue the opportunity further. The credit manager vetoed it, justifying his decision by the company’s relatively small size and an uncertain industry outlook despite strong financials and a potentially high return for the bank…

Keywords: Values; Culture; Growth; Economic Growth; Development; Hard Work; Thrift; Trust; Social trust; Risk-Taking; China; Confucianism; Protestant Work Ethic; Policies; Political Stability; Free Markets; Education; Corruption; Rule of Law; Fiscal Policy; Monetary Policy; Covid-19; Coronavirus (search for similar items in EconPapers)
JEL-codes: O1 O11 O12 O23 P16 (search for similar items in EconPapers)
Date: 2020
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