An Examination of the Structural Stability of Boman's Risk-Return Paradox.

1 August 1985

journal article
Published by Academy of Management in Academy of Management Proceedings

Vol. 1985 (1) , 7-10
https://doi.org/10.5465/ambpp.1985.4978194

Abstract

The paper examines the dynamic behavior of Bowman's (1980, 1982) risk/return paradox. Using accounting risk measures it is demonstrated that the paradox is not stable across time or industries. Further, the paradox may disappear with market based risk measures. It is suggested that strategy researchers need to develop good ex-ante measures of risk.

Keywords

RISK MANAGEMENT IN BUSINESS
STRATEGIC PLANNING
MANAGEMENT SCIENCE
RISK ASSESSMENT
ORGANIZATIONAL BEHAVIOR
BUSINESS PLANNING
MANAGEMENT RESEARCH
ORGANIZATIONAL CHANGE
BUSINESS FORECASTING

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