Strategic Risk, Risk Perception and Risk Behaviour: Meta-Analysis

Submitted on 22nd July 2015

We examine the effects of strategic risk perception on behaviour through the meta-analysis of five studies. The extant literature suggests that if risk perception is high it can decrease risk-taking behaviour. The direction of the impact is generally accepted in the business and research community, however, the strength of that direction is not very clear. Using meta-analysis, five strategic risk studies are synthesized to gain clarity on this issue. The results reveal that high-risk perceptions exhibit a negative relationship with risk-taking behaviour. This effect should be understood and closely monitored when formally evaluating strategic risk in business decisions, projects and management.


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EBSCO Host: Journal of Financial Management & Analysis
Length of Resource
10 pages
Cooper, Tom; Faseruk, Alex
Date Published
Publication Type
Resource Type