“…In an increasingly interconnected world with global commerce, it is of great importance to fully understand the role of country context on behavior and, in particular, risk perceptions and preferences (Delerue & Simon, 2009;Mihet, 2013;Rieger et al, 2014). Crossnational factors have been shown to shape risk-taking in a variety of business and management practices (Brown, Cavusgil, & Lord, 2015;Chow, Kato, & Merchant, 1996;Meschi & Riccio, 2008;Tse, Lee, Vertinsky, & Wehrung, 1988). Thus, managers of international teams or CEOs of multinational corporations need to understand and take into account differences in risk perception and risk preferences among employees of various cultures and backgrounds and of customers in different countries.…”