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dc.contributor.authorWeiss, Martin
dc.contributor.authorKlein, Florian
dc.contributor.authorPuck, Jonas F.
dc.date.accessioned2019-04-23T13:23:10Z
dc.date.available2019-04-23T13:23:10Z
dc.date.issued2016
dc.identifier.doi10.5465/ambpp.2016.15581abstract
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6250
dc.description.abstractThe macroenvironment constitutes a widely acknowledged source of firms’ risk in international business. A substantial body of research on macroenvironmental risks encapsulates a variety of measurement approaches, antecedents, and managerial consequences. However, a review of established macroenvironmental risk measures reveals that these measures strongly focus on the quality of the macroenvironment, assuming a rather static perspective and mainly excluding other dimensions. Building on prior research on macroenvironmental risk as well as on environmental dynamism, we argue that macroenvironmental dynamism - i.e. the frequency, intensity, and predictability of macroenvironmental variation - is a pivotal source of risk in international business, which so far only received limited attention. Moreover, we suggest that macroenvironmental dynamism influences firms’ risk management activities. We test our hypotheses using primary survey data on risk management activities from 161 foreign subsidiaries in six emerging countries and secondary data on the macroeconomic context in these countries. We find support for our hypotheses that macroenvironmental dynamism, if compared to macroenvironmental quality, exerts a strong influence on firms’ risk management activities. Our findings enhance the understanding of the dynamic nature of macroenvironmental risk in international business as well as provide a concept to comprehensively measure macroenvironmental dynamism that future research can build upon.
dc.language.isoen
dc.subjectMacroenvironmental Risk
dc.titleThe influence of dynamism on macroenvironmental risk and firms’ risk management activities
dc.identifier.journalAcademy of Management Annual Meeting Proceedings
dc.source.volume2016
dc.source.issue1
dc.contributor.departmentUniversity of Erlangen-Nuremberg
vlerick.conferencedate05/08/2016-09/08/2016
vlerick.conferencelocationAnaheim, California, United States
vlerick.conferencename76th Annual Meeting of the Academy of Management
vlerick.knowledgedomainStrategy
vlerick.typeconfpresConference Proceeding
vlerick.vlerickdepartmentEGS
dc.identifier.vperid163047


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