As can be seen e.g. by the cutting edge section of RISK Magazine, research papers mainly focus on market risk, credit risk, and—with a little less attention—operational risk. Although these risk types are very important for financial institutions, the true landscape of risk is much more complex and far from being well explored and understood. There is a variety of “other” risks looming on the h...

This paper analyses investment behaviour of family business owners in order to disentangle risk taking patterns in the Spanish context. In particular, this study tries to show whether family business owners are more risk tolerant than no owners, and which features are conditioning risk taking perceptions and behaviour. For that, we use data from the 2002 and 2005 Spanish Survey of Household Fin...