Managerial risk preference and its influencing factors: analysis of large state-owned enterprises management personnel in China

Abstract

Abstract Using the managerial risk preference scale, the managerial risk preferences of 308 state-owned enterprises (SOEs) management personnel in China are investigated. The results show that older management personnel are more risk averse. Management personnel who have higher positions are more risk averse. The highest degree of risk pursuit across different industries is management personnel in the agriculture industry followed by manufacturing, energy, transportation, trade, and construction. No significant differences were observed in the managerial risk preference distribution of management personnel with respect to gender, and level of education.