...Ivo Schedlinsky; Friedrich Sommer; Arnt Wöhrmann Purpose In the aftermath of the financial crisis, the influence of competitive compensation systems on employee risk taking has gained increasing attention. As the renouncement of such incentive schemes might entail severe disadvantages regarding...

... and the reactions of the financial services industry to the risk‐avoiding behavior of family firms. Originality/value This paper represents the first comprehensive literature review on risk aversion in family firms. Family firms Risk management Risk aversion Risk taking © Emerald Group Publishing...