Title :
The risk of investment in technological innovation
Author :
Statman, M. ; Tyebjee, T.T.
Author_Institution :
Leavey Sch. of Bus. & Adm., Santa Clara Univ., CA, USA
Abstract :
It is shown that the prevalent view that investment in technological innovation is particularly risky is incomplete. Specifically, while such investments may be very risky when viewed from the perspective of a project manager, they are less so when viewed from the perspective of top management (or the firm), and they are no more risky than average when viewed from the perspective of investors.
Keywords :
economics; management; economics; investors; management; project manager; risk of investment; technological innovation; top management; Companies; Drugs; Insurance; Investments; Portfolios; Technological innovation; Venture capital;
Journal_Title :
Engineering Management, IEEE Transactions on
DOI :
10.1109/TEM.1984.6447533
