Lammers, Judith; Willebrands, Daan; Hartog, Joop - 2010
This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher …