A SYSTEMATIC LITERATURE REVIEW ON RISK APPETITE STUDIES: CONCEPTS, PERSPECTIVES, AND INSIGHTS

Öz

Studies on risk appetite, which reflects the willingness to take risk during the decision-making process, are not limited to financial matters in the literature; they are also discussed in various scientific fields such as psychology, business, management, engineering, and information systems. The fact that risk appetite is examined across multiple scientific disciplines underscores the need for a systematic review. This study examines risk appetite through the behavioral and managerial tendencies of individual and institutional decision-makers rather than technical financial models. The aim of this study is to classify publications on risk appetite according to research areas and perspectives and to evaluate risk appetite within the framework of conceptual discussions, measurement approaches, and individual factors and institutional dynamics. For this purpose, a systematic review was conducted, utilizing a total of 82 publications published between 2006 and 2025. These publications were analyzed using content analysis and thematic analysis methods. The findings reveal the research areas and perspectives of studies in the risk appetite literature; they also provide a holistic explanation of the conceptual and measurement dimensions of risk appetite and the factors that determine it.

Anahtar Kelimeler

• Risk Appetite
• Decision-Making
• Individual
• Corporate
• Risk Management

RİSK İŞTAHI ÇALIŞMALARINA YÖNELİK SİSTEMATİK BİR LİTERATÜR İNCELEMESİ: KAVRAM, PERSPEKTİF VE GÖRÜŞLER

Öz

Karar alma sürecinde risk alma istekliliğini yansıtan risk iştahına yönelik çalışmalar, literatürde yalnızca finansal konularla sınırlı kalmayıp; psikoloji, işletme, yönetim, mühendislik ve bilgi sistemleri gibi çeşitli bilimsel alanlarda ele alınmaktadır. Risk iştahının birçok bilim dalına konu olması, sistematik bir inceleme gereksinimini ortaya koymaktadır. Bu çalışmada risk iştahı teknik finansal modellerden ziyade, bireysel ve kurumsal karar vericilerin davranışsal ve yönetsel eğilimleri üzerinden incelenmektedir. Bu çalışmanın amacı; risk iştahına yönelik yapılan yayınları araştırma alanları ve perspektiflerine göre sınıflandırmak, risk iştahını; kavramsal tartışmalar, ölçüm yaklaşımları ile bireysel unsurlar ve kurumsal dinamikler çerçevesinde değerlendirmektir. Bu amaçla yapılan sistematik incelemede, 2006-2025 yılları arasında yayımlanmış olan toplam 82 yayından faydalanılmıştır. Bu yayınlar içerik analizi ve tematik analiz yöntemleri kullanılarak analiz edilmiştir. Bulgular, risk iştahı literatüründe yer alan çalışmaların, araştırma alanlarını ve perspektiflerini ortaya koymakta; ayrıca risk iştahının kavramsal ve ölçümsel boyutları ile risk iştahını belirleyen unsurları bütüncül bir biçimde açıklamaktadır.

Anahtar Kelimeler

• Risk İştahı
• Karar Verme
• Bireysel
• Kurumsal
• Risk Yönetimi

Kaynakça

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