A longitudinal disaggregation of operational risk under changing regulations: Evidence from the savings and loan industry

被引：72

作者：

Wiseman, RM ^{[1
]}

Catanach, AH ^{[1
]}

机构：

[1] UNIV VIRGINIA, MCINTIRE SCH COMMERCE, CHARLOTTESVILLE, VA 22903 USA

来源：

ACADEMY OF MANAGEMENT JOURNAL | 1997年 / 40卷 / 04期

关键词：

D O I：

10.5465/256949

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The reported research examines the relative contributions of prospect and agency theory explanations for specific operational risks and subsequent firm performance in regulated and unregulated environments. Specifically, this study simultaneously models competing theoretical explanations for risk using three distinct realized operational risks managed by savings and loan (S&L) firms. It then examines the effects of these risks on performance. Implications of this study argue for a mesotheoretic approach to the modeling of risk and for its disaggregation into distinct risk choices.

引用

页码：799 / 830

页数：32

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