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limited. In this paper, we show that entry into entrepreneurship itself plays a decisive role in shaping risk preferences. We … of entrepreneurship. The findings suggest that studies assuming that risk attitudes are stable over time suffer from …
Persistent link: https://www.econbiz.de/10010857329
limited. In this paper, we show that entry into entrepreneurship itself plays a decisive role in shaping risk preferences. We … of entrepreneurship. The findings suggest that studies assuming that risk attitudes are stable over time suffer from …
Persistent link: https://www.econbiz.de/10010896248
Empirical studies use the assumption of stability in individual risk attitudes when searching for a relationship between attitude to risk and the decision to become and survive as an entrepreneur. We show that risk attitudes do not remain stable but face endogenous adaption when starting a new...
Persistent link: https://www.econbiz.de/10010942875
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that the role model of an entrepreneur requires to make risky decisions in uncertain environments and hence that more risk-averse...
Persistent link: https://www.econbiz.de/10005566671
Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...
Persistent link: https://www.econbiz.de/10010762495
contained in the Global Entrepreneurship Monitor survey. Interesting results are found. First, we found that being male, having …
Persistent link: https://www.econbiz.de/10011141131
This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10011279246
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we perform a large 'lab-in-the-field' experiment comparing...
Persistent link: https://www.econbiz.de/10010959844
-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …
Persistent link: https://www.econbiz.de/10011255496
the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship. …
Persistent link: https://www.econbiz.de/10009399735