DOI: 10.5176/2251-2039_IE15.17
Authors: İbrahim Anıl and Özgür Çakır
Abstract: There are various studies in literature about the fact that managers raised in a different culture may have different attitudes and behaviour based on the cultural differences in risk perception and risk management. There are especially findings about this issue in restricted number of pilot studies which analyse criteria for partner choice directly in foreign investments. In our study we aim to test this hypothesis by way of measuring and comparing risk taking and risk management behaviour of Small-Medium sized Turkish firms operating in Turkey and Small-Medium sized German firms operating in Germany. The reason for population study being composed of small and medium sized business is our assumption that their risk definition and risk management behaviour may be formed under the effect of social culture since they have not completed institutionalization of their organisation and they have no consistent and established business culture. In the data analysis section of our study it was examined whether view on risk concept and frequency of encountering risky decisions differ according to both countries and sectors. After variables used in here have categorical measurement, Chi-square statistic was used as test method. There are some significant results as a result of testing. According to this, perspective to the term of risk is different in Turkey and Germany. And we observed that risk perceptions differs in construction and information technologies firms, while there is no similar dependence in other sectors. Frequency of encountering risky decisions has low dependence with countries for all sectors.
Keywords: Cultural Theories, Risk Perception, Decision Making
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