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Strategic Risk A State-Defined Approach

Strategic Risk examines a fundamental issue in the field of strategic management and organizations: how to study changes in the competitive outcomes of firms. Collins and Ruefli develop the concept of ordinal risk and extend this concept and its associated measures to the more general framework of s...

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Bibliographic Details
Main Authors: Collins, James M., Ruefli, Timothy W. (Author)
Format: eBook
Language:English
Published: New York, NY Springer US 1996, 1996
Edition:1st ed. 1996
Subjects:
Finance
Operations Research
Operations Research/decision Theory
Management
Decision Making
Finance, General
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 1: Introduction
  • The Strategic Context for a New Approach to Risk
  • The Academic Context for a New Approach to Risk
  • A Research Perspective on Strategic Risk
  • Longitudinal Perspective
  • Ordinal Analysis
  • General Definition of Risk
  • Structure of the Book
  • Appendix A
  • 2: Review and Analysis of Traditional Conceptualizations and Related Measures of Risk
  • Antecedent Concepts and Measures of Risk
  • Review and Analysis of Prior Risk-Related Strategy Research
  • Traditional Analysis of the Example Data
  • Conclusion
  • 3: A Concept of State-Defined Risk
  • Everyday Usage of Risk
  • A State-Defined Perspective
  • General Definition of Strategic Risk
  • A Framework for Strategic Risk
  • Conclusion
  • 4: A Measure of State-Defined Risk
  • Description of Relative System Behavior
  • Development of a General Entropic Measure of System
  • Uncertainty
  • Interval Data
  • Conclusion
  • 5: A Generalized Measure of State-Defined Uncertainty
  • Weighted Category Shifts
  • A Generalized Measure of State-Defined Risk
  • A Measure of State-Defined Risk for an Entity
  • Computational Bias Due to Limited Observations
  • Conclusion
  • Appendix B: Weight Systems
  • 6: Concepts and Measures of State-Defined Prospect and Hold
  • The Concept of Prospect
  • Observations
  • The Measure
  • A Measure of State-Defined Prospect for an Entity
  • A Measure of Uncertainty of Holding Position
  • A Measure of State-Defined Hold for an Entity
  • Weight Functions
  • Conclusion
  • 7: Recapitulation
  • The Numerical Example Summarized
  • Advantages of Ordinal Categorical Analysis
  • Limitations
  • Conclusion
  • 8: Two Illustrative Examples
  • State-Defined Risk, Prospect and Performance in the Airline Industry
  • State-Defined Risk and State-Defined Prospect of The Fortune 500
  • Conclusions
  • 9: Ex Post Risk and Return Relationships
  • Recent Findings and a Conjecture
  • Examples
  • Theoretical Arguments
  • Empirical Evidence
  • Methodology
  • Results
  • Implications
  • Conclusions
  • 10: Asymmetries in State-Defined Risk and Prospect
  • The Problem
  • Prior Examination of Symmetry Issues
  • Traditional Risk Measures in Strategic Management
  • Methodology
  • Application of the State-Defined Measures
  • Results
  • Limitations and Implications
  • Conclusion
  • 11: Implications, Contributions, Limitations, and Directions for Future Research
  • Implications
  • Contribution of the Research
  • Limitations of the Approach
  • Directions for Further Research

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