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Hard times inspire wrong type of risk taking
Monday, March 30th, 2009
By Nathan Washburn, Thunderbird Professor
When faced with declining profits and bleak outlooks, one way for executives to respond is through increased risk taking. In fact, researchers have consistently found that executives who find themselves in undesirable situations tend engage in more risk taking than executives in more desirable situations. Given the current financial environment, more and more executives may look to risk taking as a way to escape disaster.
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