• Title/Summary/Keyword: Risk-Taking Propensity

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A Development of Risk-Taking Behavior Forecasting Model of Taxi driver's Risk-Taking Propensity by Structural Analysis (택시운수업 종사자 위험성향 관련 변인들의 구조적 분석을 통한 위험감행 예측 모형 개발)

  • Park, Mi So;Yoon, Hyo Jin
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.4D
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    • pp.313-322
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    • 2012
  • This study analyzes taxi driver's risk-taking propensity with respect to risk-taking behaviour and traffic locus of control. In order to explore the traffic risk-taking, we present a predictive model by structural analysis of driver's risk-taking propensity. By applying this model to survey data from taxi drivers, we can observe that driver's risk-taking propensity has a significant impact on the traffic violation intention, and the higher perception of law and the lower lack of law-abiding drivers have, the more they tend to violate. Second, we test using multivariate analysis if the level of risk-taking propensity differs by the locus of control( external or internal). Drivers of external control shows higher risk-taking level compared to those of internal control so that the risk-taking propensity shows difference according to the locus of control for the responsibility of traffic accidents. The structural equation model of our study yielded ${\chi}^2$ = 279.7, ${\chi}^2$/df = 1.55, RMSEA = 0.44, GFI = 0.911, TLI = 0.916, CFI = 0.929.

The Effects of Technological and International Marketing Capability of SMEs in Gwangju·Jeonnam Province on Export Performance: Focusing on the Moderating Role of CEO's Risk-taking Propensity (광주·전남지역 중소기업의 기술역량과 국제마케팅역량이 수출성과에 미치는 영향: CEO 위험감수성의 조절효과를 중심으로)

  • Young-Soo Yang;Jae-Eun Lee
    • Korea Trade Review
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    • v.45 no.5
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    • pp.261-277
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    • 2020
  • The purpose of this study is to analyze whether SMEs' technological capabilities and international marketing capabilities affect the export performance of the SMEs and to empirically test the moderating effect of the CEO's risk propensity on such a relationship. We obtained data from 190 SMEs located in Gwangju and Jeonnam Province in Korea through survey and performed a regression analysis for hypothesis testing based on these data. As a result of the analysis, it was found that SMEs' technological capabilities and international marketing capabilities had a significantly positive (+) effect on export performance, respectively. Also, the CEO's risk propensity was found to reinforce the relationship between technical competence and export performance, and the relationship between marketing capabilities and export performance was also found to be strengthened in the positive (+) direction. These results suggest that it is necessary for SMEs to continuously develop technological capabilities and international marketing capabilities to achieve successful export performance in overseas markets. Also, the CEO's propensity to promote these relationships may be important.

A Study on Escalation of Commitment Behavior in Software Projects : The Perspective of Cultural Differences (소프트웨어 개발 프로젝트에서 수행의 지속행위에 관한 연구 : 문화적 차이의 관점에서)

  • 김인재;심형섭;김종은
    • Journal of Information Technology Applications and Management
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    • v.11 no.2
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    • pp.1-14
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    • 2004
  • The level of sunk cost and risk-taking theory have been offered as one explanation for the escalation of commitment behavior. This Study attempted to replicate Keil's study in Korea. Keil examined the level of sunk cost associated with the risk propensity and risk perception of decision-makers, and these factors are assessed for cross-cultural robustness using matching laboratory experiments carried out in three countries. The level of sunk cost and the risk perception of decision-makers contributed significantly to their continuous willingness to their project. Moreover, the risk propensity of decision-makers was inversely related to risk perception, and this inverse relationship was significantly more weak in Korea than in Singapore. These results show that the sunk-cost effect exists across cultures, and that the risk-taking behaviors are partially mediated by cultural factors.

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A Fitness between CEO Characteristics and Management Control (CEO특성과 경영통제간의 적합성에 관한 연구)

  • Jung, Jae-Jin
    • The Journal of the Korea Contents Association
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    • v.14 no.7
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    • pp.457-467
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    • 2014
  • In order to improve organization performance by CEO's leadership, the control systems have to be designed in accordance with CEO's strategic orientation. A management control systems (MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole considering the organizational strategies. The current study is conducted with the objective to explore the effects of CEO's Characteristics (Risk-taking tendency, and Achievement motivation) and control types (Behavioral control, and Result control) on organization performance. The characteristics of ceo - behavior control and risk-taking propensity - results in significantly positive effect on management control. On the other hand, risk-taking propensity has influence negatively on behavior control. The behavioral control is received negative influence from risk-taking propensity. and it received positive influence from motivation. and then it has effect on organization performance(indirct effect). To achieve the purpose of this study, Structural Equation Model (SEM) has been applied.

Risk-Taking Decisions with Major IS Investment;System Downsizing Case

  • Shim, Seon-Young;Lee, Byung-Tae
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.339-344
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    • 2007
  • In the cut-throat competitive environment of business, large-scale IS investment is becoming inevitable strategic necessity for gaining competitive advantage. However. it bears great deal of risk over all the associated processes so that the investment decisions need to be taken in a greatly careful manner. Nonetheless, Korean organizations are prominently showing risk taking behaviors regarding major is investment, in terms of system downsizing. Although decision theory argues decision makers' rational choice of options through the assessment of risk and benefit, the notable trend toward system downsizing in Korea defies common understandings on IS project risk. Furthermore, it encourages us to investigate many impenetrable characteristics underlying organizational risk taking decisions with IS investment. We found out that there is Significant effect of IS decision makers' risk propensity when they make system downsizing decisions. Moreover. we Identified that IS decision makers do not get a strong pressure of cost savings and have tendencies to mimic competitor's decisions.

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The Relationship between Risk Taking, Impulsivity and Intolerance of Uncertainty (위험감수와 충동성 및 불확실성에 대한 인내력 부족의 관련성)

  • Sohn, Sung Yun;Kang, Jee In;Namkoong, Kee;Kim, Se Joo
    • Korean Journal of Biological Psychiatry
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    • v.21 no.3
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    • pp.87-92
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    • 2014
  • Objectives Risk taking has been implicated in the development of various psychiatric disorders. Previous studies have indicated that risk taking behavior is associated with high levels of impulsiveness. Risk taking entail uncertain situation that outcome probability is unknown. This study tested impulsivity, intolerance of uncertainty and risk taking behavior. Methods A total of 73 participants completed a test battery comprised of the UPPS-P scale as a psychometric measurement of five dimensions of impulsivity, Intolerance of Uncertainty Scale, and Balloon Analog Risk Task (BART) as a behavioral measure of risk taking. The Pearson correlation analysis was used. Results The sensation seeking factor was positively correlated with BART measure (r = 0.27, p = 0.02). Specifically, the relationship between sensation seeking and BART was significant in females. Conclusions Among the five factors of UPPS-P, only the sensation seeking factor predicts risk taking propensity.

Why Do Mobile Device Users Take a Risky Behavior?: Focusing on Model of the Determinants of Risk Behavior (모바일 기기 사용자는 왜 정보보호에 위험한 행동을 하는가? : 위험행동 결정요인 모델을 중심으로)

  • Kim, Jongki;Kim, Jiyun
    • The Journal of Information Systems
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    • v.28 no.2
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    • pp.129-152
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    • 2019
  • Purpose The purpose of this study is to empirically identify the risky behavior of mobile device users using the Internet of Things on a situational perspective. Design/methodology/approach This study made a design of the research model based on model of the determinants of risk behavior. Data were collected through a survey including hypothetical scenario. SmartPLS 2.0 was used for the structural model analysis and t-test was conducted to compare the between normal and situational behavior. Findings The results were as follows. First, the central roles of risk propriety and risk perception were verified empirically. Second, we identified the role of locus of control as a new factor of impact on risky behavior. Third, mobile risk propensity has been shown to increase risk perception. Fouth, it has been shown that risk perception does not directly affect risky behavior and reduce the relationship between mobile risk propensity and risk behavior. According to the empirical analysis result, Determinants of risk behavior for mobile users were identified based on a theoretical framework. And it raised the need to pay attention to the impact of locus of control on risk behavior in the IS security field. It provided direction to the approach to risky behavior of mobile device users. In addition, this study confirmed that there was a possibility of taking risky behavior in the actual decision-making.

SOCIAL ENTREPRENEURSHIP INTENTIONS AMONG UNIVERSITY STUDENTS IN UZBEKISTAN: A CASE OF TSUE

  • Lee, Chaewon;Khabibullo, Jurakulov
    • 한국벤처창업학회:학술대회논문집
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    • 2018.04a
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    • pp.191-197
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    • 2018
  • The purpose of the study is to identify social entrepreneurship intentions among university students in Uzbekistan focusing on the Tashkent State University of Economics(TSEU) as a study area. A 47 item questionnaire was distributed to 371 students of TSUE students in Uzbekistan by using convenience sample method. From a total of the 371 respondents, 278 (74.93%) were male, 93 (25.07%) were females and the average age of the respondents was approximately 22 years. The result indicates that the model in this study accounts for 67,7% of the variance in interpreting the social entrepreneurship intention. This study makes a contribution to the social entrepreneurship research area by including factors such as risk taking propensity, internal locus of control, moral obligation, self-efficacy and empathy as antecedents of the theory of planned behavior that also explains social entrepreneurial intention formation.

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A Study on the Proclivity for Entrepreneurship and Its Affect on the Venture Creation (기업가특성이 벤처창업의지와 창업에 대한 자신감에 미치는 영향에 관한 연구)

  • Lee, Sung-Jin
    • Journal of the Korea Society of Computer and Information
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    • v.11 no.5 s.43
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    • pp.281-290
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    • 2006
  • Despite intensive inquiry, we still know relatively little about the entrepreneurship. The lack of progress in entrepreneurship may be due to the theories and methods used to identify those characteristics. But the appropriate approach for studying entrepreneurial behavior remains contentious. This study model used three themes (achievement motivation, risk-taking propensity, and preference for innovation) in order to measure a proclivity for entrepreneurship. In this study there was a significant difference in the plan for venture creation and the confidence for venture creation between high-entrepreneurship group and low-entrepreneurship group. In addition, It is found that proclivity for entrepreneurship is significantly related to create new venture and to build up confidence regarding venture creation.

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The Influence of Risk-Taking Propensity and Personality Characteristics on Entrepreneurship Intention of Chinese College student: Focused on The Moderating Effect of Entrepreneurship Education (중국 대학생의 위험감수성과 성격5요인의 창업의도에 미치는 영향 창업교육의 조절효과)

  • Kaifeng Wen;Moon-Hong Kim
    • Asia-Pacific Journal of Business
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    • v.14 no.1
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    • pp.93-112
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    • 2023
  • Purpose - Due to the outbreak and spread of COVID-19, companies have reduced their hiring needs in the short term, reducing employment opportunities for most university students and putting pressure on their employment since 2019. This study aims to improve university students' employment options and increase the possibility of entrepreneurship. Design/methodology/approach - In this study, a research survey is conducted on 4-year Chinese university students who have received entrepreneurship education courses, and statistical tests are conducted using SPSS 26.0 and PROCESS 3.3 model 1. The main focus of the study is on the effects of risk perception and five personality factors on entrepreneurial intentions of Chinese university students and the effect of entrepreneurship education on the moderation of entrepreneurial intentions. Findings - The results of the study show that the risk perception of Chinese university students have a significant effect on the will to start a business. Five personality factors have a significant effect on entrepreneurial intentions. Entrepreneurship education has a moderating role in the relationship between risk perception and entrepreneurial intention, and the entrepreneurship education support has a moderating role in the relationship between the influence of five personality factors and entrepreneurial intentions. Research implications or Originality - The results of the study reveal that Chinese university students' exposure to entrepreneurship education support positively influenced entrepreneurial intentions. Such results imply that university students gain information and knowledge related to entrepreneurship through the entrepreneurship education support, which leads to positive perceptions and motivation towards entrepreneurship.