Stakeholder Sentiment, Problemistic Search, and Firm Risk Taking: A Behavioral Investigation

Steffen Nauhaus, Johannes Luger, Sebastian Raisch

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Abstrakt

Drawing on problemistic search arguments, we suggest that stakeholder sentiments affect firms' search and risk taking. Specifically, similar to the logic underlying performance feedback, we suggest that a shortfall in stakeholder sentiments from historically and socially derived aspirations, affects firms' decision making. In comparison to financial performance indicators, we suggest that stakeholder sentiments describe a more comprehensive picture about the multi-dimensionality of managers' goal perspective and, hence, adds value to our current understanding of problem driven search.
OriginalsprogEngelsk
TitelAcademy of Management Proceedings 2019
RedaktørerGuclu Atinc
Antal sider1
UdgivelsesstedBriarcliff, NY
ForlagAcademy of Management
Publikationsdato2019
DOI
StatusUdgivet - 2019
NavnAcademy of Management Proceedings
ISSN2151-6561

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