Economic Review, Vol. 65 No. 5, 2014.
Preliminary communication
RISK-TAKING PROPENSITY OF DOMESTIC AND EXPATRIATE MANAGERS IN THE CROATIAN HOTEL INDUSTRY
Matea Matić
Perica Vojinić
Marija Bečić
Abstract
This paper analyses the characteristics of expatriate and domestic managers
in Croatian hotel industry related to the risk-taking propensity that
is regarded as a vital component for a personal and organisational achievement.
The research was conducted in 2011 and 2012 using the questionnaire
on a sample of middle and top level domestic and expatriate managers employed
in Croatian hotel companies. Two measures of risk-taking propensity
were used: objective (Choice Dilemma Questionnaire) and subjective
(self-evaluation). The results suggest that foreign managers are greater risk
takers compared to Croatian managers. Besides country of origin, certain
characteristics such as gender, dependants and education also determine
managerial risk-taking propensity. Furthermore, correlation coeffi cients
between subjective and objective evaluations of risk-taking propensity show
that expatriates’ self-evaluation corresponds to objective risk-taking propensity
measure while Croatian managers’ self-evaluation does not correspond.
This research provides new insights into managerial risk-taking propensity
in Croatian hotel industry.
Keywords
Risk-taking; Managers; Expatriates; Hotel industry
Hrčak ID:
128104
URI
Publication date:
10.10.2014.
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