This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher …

higher levels of managerial ability significantly enhance an enterprise's innovation performance, while managerial risk … fail to effectively stimulate corporate innovation and instead exacerbate managerial risk taking, ultimately exerting a …This study examined the influence of managerial ability on corporate innovation performance. Our findings suggest that …

function as in prospect theory. The negative relationship between risk and prior performance exists only among CEOs with lower …