The Interaction between Corporate Governance and Ownership Structure on Risk-Taking Behavior

Abstract

This research aims to understand in depth how organizational governance and ownership structures influence risk-taking behavior in the context of dynamic modern organizations. Using a descriptive qualitative approach, this study explores the perceptions, values, and managerial experiences of different levels of leadership involved in the strategic decision-making process. The results show that good governance not only serves as a formal oversight mechanism, but also forms a responsible and sustainability-oriented risk culture. Concentrated ownership structures tend to encourage prudence in decision-making, while dispersed ownership as well as managerial ownership have a dual influence on the risk behavior tendencies of organizations. In addition, factors such as organizational values, gender diversity in leadership, and open communication have been shown to strengthen risk control mechanisms and improve the quality of decision-making. This research confirms the importance of synergy between governance, ownership structures, and organizational culture in creating balanced, adaptive risk-taking behaviors that support long-term sustainability.