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Investment Behaviour
Type: Book
ISBN: 978-1-78756-280-6

Book part
Publication date: 21 November 2016

Corinna Laube and Wouter van den Bos

Teenagers are typically described as impulsive and risk taking. Yet recent research shows that this observation does not hold in all contexts. Rather, adolescents show higher…

Abstract

Teenagers are typically described as impulsive and risk taking. Yet recent research shows that this observation does not hold in all contexts. Rather, adolescents show higher impulsivity and risk taking than children or adults in affective contexts. Motivational and affective processes are therefore of particular interest when trying to understand typical adolescent behavior. Additionally, pubertal hormones are hypothesized to play a special role in adolescents’ motivated decision making. However, evidence for the mechanisms underlying this relationship is sparse. In this chapter, we aim to integrate findings from human and animal studies in order to elucidate the specific impact of pubertal hormones on motivational processes in adolescence. Against this background, we critically discuss and reinterpret recent findings in psychology and neuroscience, speculate about underlying mechanisms, and suggest new approaches for future studies of adolescent behavior.

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Recent Developments in Neuroscience Research on Human Motivation
Type: Book
ISBN: 978-1-78635-474-7

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Book part
Publication date: 27 July 2012

James K. Summers, Timothy P. Munyon, Annette L. Ranft, Gerald R. Ferris and M. Ronald Buckley

Executives exert a pervasive influence on the organizations they lead. As such, scholars have long considered how to calibrate the risks inherent in executive decision making…

Abstract

Executives exert a pervasive influence on the organizations they lead. As such, scholars have long considered how to calibrate the risks inherent in executive decision making, often relying on incentives and compensation to calibrate executive risk behavior. However, there are shortcomings that reduce the efficacy of this approach, largely because incentives and compensation do not alter the work environment itself, which play a significant role influencing executive risk behavior. Consequently, in this chapter, we propose a conceptualization that integrates executive risk-taking with work design, framing three central features of the strategic leader job and work environment that may be manipulated to channel and shape executive risk-taking. Specifically, accountability, discretion, and relationships are proposed as the key higher-order characteristics of the executive work context, and they are examined with respect to optimal calibration in order to maximize both executive performance and well-being, as well as organizational coordination and control. Implications of this conceptualization and directions for future research are discussed.

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Research in Personnel and Human Resources Management
Type: Book
ISBN: 978-1-78190-172-4

Book part
Publication date: 25 May 2021

Alessandra Girlando, Simon Grima, Engin Boztepe, Sharon Seychell, Ramona Rupeika-Apoga and Inna Romanova

Purpose: Risk is a multifaceted concept, and its identification requires complex approaches that are often misunderstood. The consequence is that decisions are based on limited…

Abstract

Purpose: Risk is a multifaceted concept, and its identification requires complex approaches that are often misunderstood. The consequence is that decisions are based on limited perception rather than the full value and meaning of what risk is, as a result, the way it is being tackled is incorrect. The individuals are often limited in their perceptions and ideas and do not embrace the full multifaceted nature of risk. Regulators and individuals want to follow norms and checklists or overuse models, simulations, and templates, thereby reducing responsibility for decision-making. At the same time, the wider use of technology and rules reduces the critical thinking of individuals. We advance the automation process by building robots that follow protocols and forget about the part of risk assessment that cannot be programed. Therefore, with this study, the objective of this study was to discover how people define risk, the influencing factors of risk perception and how they behave toward this perception. The authors also determine how the perception differed with age, gender, marital status, education level and region. The novelty of the research is related to individual risk perception during COVID-19, as this is a new and unknown phenomenon. Methodology: The research is based on the analysis of the self-administered purposely designed questionnaires we distributed across different social media platforms between February and June 2020 in Europe and in some cases was carried out as a interview over communication platforms such as “Skype,” “Zoom” and “Microsoft Teams.” The questionnaire was divided into four parts: Section 1 was designed to collect demographic information from the participants; Section 2 included risk definition statements obtained from literature and a preliminary discussion with peers; Section 3 included risk behavior statements; and Section 4 included statements on risk perception experiences. A five-point Likert Scale was provided, and participants were required to answer along a scale of “1” for “Strongly Agree” to “5” for “Strongly Disagree.” Participants also had the option to elaborate further and provide additional comments in an open-ended box provided at the end of the section. 466 valid responses were received. Thematic analysis was carried out to analyze the interviews and the open-ended questions, while the questionnaire responses were analyzed using various quantitative methods on IBM SPSS (version 23). Findings: The results of the analysis indicate that individuals evaluate the risk before making a decision and view risk as both a loss and opportunity. The study identifies nine factors influencing risk perception. Nevertheless, it must be emphasized that we can continue to develop models and rules, but as long as the risk is not understood, we will never achieve anything.

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Contemporary Issues in Social Science
Type: Book
ISBN: 978-1-80043-931-3

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Article
Publication date: 26 July 2022

Ursula Scholl-Grissemann, Mike Peters, Bernhard Fabian Bichler and Elisabeth Happ

Hiking is a popular tourism activity across the globe. Although hiking is considered a “soft” adventure activity with little risk and challenge, hikers are also confronted with…

Abstract

Purpose

Hiking is a popular tourism activity across the globe. Although hiking is considered a “soft” adventure activity with little risk and challenge, hikers are also confronted with dangerous situations where risky behavior can lead to fatalities. This study aims to understand the moderating role of hiking motives on hikers’ precautionary behavior, while providing implications for destination management organizations.

Design/methodology/approach

This study conducted a 3×2 between-subjects online experiment (N = 181), manipulating the on-site information and visibility of potential hazards. Moderation analyses (SPSS PROCESS) were applied to derive the differences between the hiking motives of competitiveness/exhibitionism, playing to the limit and sociability on precautionary behavior.

Findings

The findings can inform effective hiking trail signage efforts, helping identify potential indications of risky behavior. The findings also importantly underline the moderating role of playing to the limit and competitiveness as they regard the risk perception–precautionary behavior relationship.

Originality/value

The implications of this study are directed toward destination management organizations, and how to promote precautionary hiking behavior based on hikers’ motivations.

设计/方法/途径

我们进行了一个3x2的主体间在线实验(N = 181), 操纵了现场信息和潜在危险的可见性。应用调节分析(SPSS PROCESS)得出远足动机 “竞争/展示主义"、"娱乐无极限 “和 “社交能力 “在防范行为上的差异。

目的

徒步旅行是世界各地流行的旅游活动。尽管徒步旅行被认为是一种基于户外的软性探险活动, 没有什么风险和挑战, 但徒步旅行者也面临着危险的情况, 危险的行为可能导致死亡。本研究旨在了解徒步动机对徒步者防范行为的调节作用, 并为目的地管理组织提供启示。

研究结果

研究结果可以为有效的徒步旅行的标识工作提供参考, 帮助识别潜在的危险行为迹象。重要的是, 研究结果还强调了 “发挥极限 “和 “竞争 “的调节作用, 因为它们关系到风险认知和预防行为。

原创性

本研究的意义是针对目的地管理组织的, 即如何根据徒步者的动机来促进防范性的徒步行为。

Propósito

El senderismo es una actividad turística popular en todo el mundo. Aunque el senderismo se considera una actividad “poco exigente”, que implica poco riesgo y retos, los senderistas también se enfrentan a situaciones peligrosas donde las conductas de riesgo pueden conducir a accidentes fatales. Este estudio tiene como objetivo comprender los roles moderadores de las motivaciones del senderismo en el comportamiento precautorio de los senderistas y proporcionar implicaciones para las organizaciones de gestión de destinos.

Diseño/metodología/enfoque

Se realizó un experimento en línea 3x2 entre sujetos (N = 181) tratando la información in situ y la visibilidad de los peligros potenciales. Se aplicaron análisis de moderación (PROCESO SPSS) para derivar diferencias entre las motivaciones del senderismo “competitividad/exhibicionismo”, “jugar hasta el límite” y “sociabilidad” en el comportamiento precautorio.

Hallazgos

Los resultados reportan sobre la necesidad de realizar esfuerzos en la señalética de las rutas de senderismo que ayuden a identificar posibles indicaciones de comportamiento de riesgo. Es importante destacar que los hallazgos también subrayan el papel moderador de “jugar hasta el límite” y “competitividad”, ya que sugieren una relación entre la percepción de riesgo y el comportamiento precautorio.

Originalidad

Las implicaciones de este estudio se dirigen hacia las organizaciones de gestión de destinos sobre la manera de promover el comportamiento precautorio de senderismo basado en motivaciones de senderistas.

Article
Publication date: 28 February 2023

Prakash K. Chathoth and Gerardo R. Ungson

This paper aims to develop a conceptual framework for further understanding the risks embedded in co-creation services in high-contact service transactions. It delineates…

Abstract

Purpose

This paper aims to develop a conceptual framework for further understanding the risks embedded in co-creation services in high-contact service transactions. It delineates behavioral and economic perspectives focusing on agency costs, risk behavior, compensation structure and provides a context in which information is processed.

Design/methodology/approach

Following an extensive review of the literature, propositions are advanced that relate an agent’s risk behavior to information processing, compensation and the propensity to engage in co-creation. These propositions provide a complementary context for understanding risks in the co-creation process.

Findings

The propositions detail how a service agent’s information processing can be enhanced if the customer’s expected utility from transactions is maximized by managing the agent’s risk behavior and earnings potential. A compensation structure that balances fixed base and variable pay can motivate risk-taking and the agent’s propensity to engage in co-creation.

Originality/value

This paper extends the understanding of agency risks in the co-creation of hospitality services that integrates economic and behavioral perspectives with information processing. Theoretical implications include a broader context of the risks underlying co-creation. Practical implications relate to how earnings potential could be maximized by considering the agent’s risk behavior and the expected utility arising from such transactions.

Details

International Journal of Contemporary Hospitality Management, vol. 35 no. 9
Type: Research Article
ISSN: 0959-6119

Keywords

Article
Publication date: 16 September 2013

Kirsty Humphrey and Andrew McDowell

The aim of the current paper is to examine if participants attitudes and perceptions regarding risk leads to subsequent risky behaviours as this is indicative of sexual health and…

Abstract

Purpose

The aim of the current paper is to examine if participants attitudes and perceptions regarding risk leads to subsequent risky behaviours as this is indicative of sexual health and teenage pregnancy. The second aim was to explore if sense of coherence (SOC) (a predictor of mental health) mediates the relationship between perceived risk and risky health behaviours (RHB), or even be used as an indicator for RHB.

Design/methodology/approach

Young people from a targeted youth mental health programme for “at risk” teenagers, were asked to complete a battery of measures: SOC, The Adolescent Risk Behaviour Survey (ARBS) and RHB post-programme.

Findings

RHB such as drinking alcohol, taking drugs and smoking, correlated positively with attitudes to risk and negatively with SOC. Hierarchical regression analysis revealed that there was a significant relationship between ARBS and reported health behaviour, which was strengthened by SOC. SOC contributes to the relationship between attitudes and perception of risk and RHB, whereby individuals with stronger SOC were less likely to partake in RHB. Qualitative analysis revealed that the components of SOC (comprehensibility, manageability and meaningfulness) were perceptible six months minimum after the programme has been undertaken.

Research limitations/implications

The present research was unable to obtain SOC baseline scores which could be used as evidence of the programme's impact. Furthermore, participants had completed the programme six months to six years previously, hence were relying on memory recall and self-report. Future research would incorporate three points of data collection on SOC in order to monitor change in relation to perceived risk and risk behaviours.

Practical implications

The paper provides a good framework in terms of adding value of the SOC concept for understanding the world of at risk young people and their psychological wellbeing, and a future tool for tracking whether changes occur. RHB in adolescence lead to health related problems as well as risk taking in adulthood, costing the NHS.

Social implications

The intervention itself aims to target individuals at risk from being not in employment, education or training or teen parents which has wider social implications relating to educational engagement, health behaviours and the community.

Originality/value

The data analysis is applied to a specific group of at risk young people, on a novel intervention which uses an experiential learning model in order to encourage self awareness through the interaction with toddlers, as well as build self efficacy, improve mental health, self-esteem and decision making ability. The battery of measures used in combination within the research context is unique.

Details

Journal of Public Mental Health, vol. 12 no. 3
Type: Research Article
ISSN: 1746-5729

Keywords

Article
Publication date: 10 May 2011

Desislava Ivanova Yordanova and Matilda Ivanova Alexandrova‐Boshnakova

The research objective of the study is to investigate the gender effects on risk propensity, risk perception, and risk behaviour of entrepreneurs distinguishing between direct and…

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Abstract

Purpose

The research objective of the study is to investigate the gender effects on risk propensity, risk perception, and risk behaviour of entrepreneurs distinguishing between direct and indirect gender effects. The study seeks to address the gap in the knowledge of the link between risk taking, risk propensity, and risk perception in the context of women and risk (Brindley).

Design/methodology/approach

Based on Sitkin and Pablo's model of risk behaviour and the literature on cognitive factors as determinants of risk perception, the paper provides hypotheses about the link between gender, risk perception, risk propensity, and risk behaviour. The proposed hypotheses are tested on a sample of 382 Bulgarian entrepreneurs.

Findings

Although female and male entrepreneurs have similar risk perceptions, female entrepreneurs are likely to have a lower risk propensity than male entrepreneurs. Risk propensity mediates completely the effect of gender on risk behaviour. The effect of gender on risk propensity is mediated partially by risk preference, outcome history, and age. Gender has an indirect effect on risk perception via overconfidence and risk propensity.

Research limitations/implications

The paper's ability to draw causal inferences is limited by the cross‐sectional nature of the study. The results may not be applicable to other countries and occupations.

Practical implications

The findings help to clarify the reasons for gender differences in risk behaviour and risk propensity of entrepreneurs and to design behavioural interventions.

Originality/value

This paper is an attempt to create a better understanding of the factors that account for gender differences in risk taking.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 17 no. 3
Type: Research Article
ISSN: 1355-2554

Keywords

Article
Publication date: 16 November 2018

Jia Liu, Frida Thomas Pacho and Wang Xuhui

The purpose of this paper is to empirically explore the impact of culture (using individualism, power distance and uncertainty avoidance) on entrepreneurial risk taking behavior

Abstract

Purpose

The purpose of this paper is to empirically explore the impact of culture (using individualism, power distance and uncertainty avoidance) on entrepreneurial risk taking behavior which leads to the opportunity exploitation decision. Moreover, it also uses risk taking behavior of entrepreneurial as the mediation variable between culture and opportunity exploitations decisions.

Design/methodology/approach

The study took place in Tanzania, which is allocated in East Africa and is one of under researched countries. In total, 140 entrepreneurs who own venture of 5-99 employees were able to be interviewed using a survey questionnaire. In this study, structural equation modeling (SEM) was used to examine the direct and indirect relationship of culture in entrepreneurial opportunity exploitation decisions.

Findings

After hypothesis testing, the empirical results showed that Tanzania’s culture has an impact on entrepreneurial risk taking behavior, which influences entrepreneurial opportunity exploitation decision. It also showed culture through individualism and uncertainty avoidance measurements affect entrepreneurial opportunity exploitation decisions. The empirical results on power distance were insignificant.

Research limitations/implications

This study is a wake-up call to policy makers and formal institutions such as government authorities, education institutions and religion institutions. Thus, culture has an ability to influence the behavior of entrepreneurs and so the performance of ventures if it is consistent and well structured. Therefore it should be not taken for granted. Data for our study are based on only two cities and therefore the results should not be generalized as the whole country’s inference. Generalizability is questioned because the data are from only two cities in Tanzania and therefore future research should include more cities to be able to validate the generalizability.

Practical implications

This study is a wake-up call to policymakers and formal institutions such as government authorities, education institutions and religion institutions. Thus culture has an ability to influence the behavior of entrepreneurs and so the performance of ventures if it is consistent and well structured. Therefore it should be not taken for granted. Data for our study are based on only two cities and therefore the results should not be generalized as the whole country’s inference.

Social implications

In the country which has well-structured culture, influence the behavior of entrepreneurs to exploit opportunities.

Originality/value

This is the first empirical study to use SEM for exploring the culture of individualism, power distance and uncertainty avoidance impact on entrepreneurial opportunity exploitation in Tanzania.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 11 no. 1
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 22 October 2019

Ahmad Rashid and Halim Boussabiane

The purpose of this paper is to analyze the existing project management literature by conceptualizing the influence of personality and cognitive traits on project managers’ risk

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Abstract

Purpose

The purpose of this paper is to analyze the existing project management literature by conceptualizing the influence of personality and cognitive traits on project managers’ risk-taking behaviour.

Design/methodology/approach

The paper is based on an in-depth analysis of the existing literature to develop framework for conceptualizing risk propensity in project management.

Findings

The results indicate that the Big Five personality traits cannot capture risk propensity in risk-taking behaviour on their own. Cognitive traits are indispensable components in risk propensity.

Research limitations/implications

The paper examines the association between risk propensity theories and personality traits. The paper framed project managers’ personality traits that can impact their tendency to take risky decisions, that is risk propensity.

Originality/value

This paper expands literature by increasing our understanding of personality and cognitive traits in risk propensity.

Details

International Journal of Managing Projects in Business, vol. 14 no. 2
Type: Research Article
ISSN: 1753-8378

Keywords

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