Hrvatsko društvo ekonomista

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October 2014. ::: Vol.65 No. 05

    Matea Matić
    Perica Vojinić
    Marija Bečić

RISK-TAKING PROPENSITY OF DOMESTIC AND EXPATRIATE MANAGERS IN THE CROATIAN HOTEL INDUSTRY Prethodno priopćenje 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 Puni tekst: pdf (382 KB), Engleski, Str. 473 - 489

RISK-TAKING PROPENSITY OF DOMESTIC AND EXPATRIATE MANAGERS IN THE CROATIAN HOTEL INDUSTRY

Prethodno priopćenje

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

Puni tekst: pdf (382 KB), Engleski, Str. 473 - 489