The majority of research assumes that taking risks provides an advantage to firms. However more recently, scholars also acknowledged that risk-taking might be a ‘double-edged sword’, meaning that high levels of risk not only positively affect performance but also cause a higher likelihood of failure. Because we assume that deeper insights into the risk-taking-performance relationship can be gained by investigating intertwined mechanisms among internal and external characteristics of firms, we compare two methodological approaches.
Lomberg, Carina and Baldauf, Artur
"TAKE RISK OR NOT TO TAKE RISK? A METHODOLOGICAL COMPARISON ABOUT THE ENTREPENEURIAL RISK-TAKING-PERFORMANCE RELATIONSHIP (INTERACTIVE PAPER),"
Frontiers of Entrepreneurship Research: Vol. 34
, Article 18.
Available at: http://digitalknowledge.babson.edu/fer/vol34/iss11/18