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Despite the increasing implementation of community-based enterprise (CBE), two problems are prevailing: (1) lack of comprehensive understanding about the organization of CBE and (2) lack of generalizability of the individual findings. In response to these problems, this paper aligns its research...
Persistent link: https://www.econbiz.de/10010323569
aspiration level (median performance of peer banks) influence banks’ aggregate risk levels. Our results are consistent with the … behavioral theory of the firm and prospect theory in that we find that bank performance below a bank’s social aspiration level is …
Persistent link: https://www.econbiz.de/10011770789