Impact of Corporate Insider, Blockholder, and Institutional Equity Ownership on Firm Risk Taking.

Corporate Risk-Taking and Ownership Structure

“…2 Next, shareholders have significant impact on firms' financial decisions by holding sizable stakes in companies. They can shape the nature of a firm's corporate risk taking, which may affect its ability to compete, and eventually its survival (Wright et al (1996)). An excessive appetite for risk can result in high-variance asset composition, which may cause negative repercussions in the whole economy.…”

The Moderating Role of Corporate Governance on the Relationship between a Firm’s Product Lifecycle and Risk-Taking

“…A firm's risk-taking refers to the amount of uncertainty associated with the expected outcomes and cash flows as a result of investments in new projects Wright, Ferrris & Awasthi 1996). It can provide some idea about the firm's growth, performance, and survival (Bromiley 1991;Lee, Kim & Kim 2016).…”

As escolhas públicas orçamentárias federais no PPA 2008-2011: uma análise da perspectiva do modelo principal-agente

“…É uma teoria contratualista da organização que procura explicar o comportamento dos gestores e a forma como a assimetria de informação 3 influencia o equilíbrio de poderes no seio de uma organização, abrindo margem a idiossincrasias que tanto prejudicam as boas práticas administrativas (Sato, 2007). Observa-se, pela ilustração na figura 1, que o bem-estar do principal não pode ser maximizado porque o principal e o agente possuem diferentes objetivos e diferentes predisposições ao risco (Wright et al, 1996).…”