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Author:Sarasvathy, D.
Simon, H.
Lave, L.
Title:Perceiving and managing business risks: differences between entrepreneurs and bankers
Journal:Journal of Economic Behavior and Organization
1998 : JAN, VOL. 33:2, p.207-226
Index terms:ECONOMIC BEHAVIOUR
ORGANIZATION
RISK MANAGEMENT
Language:eng
Abstract:The authors compared entrepreneurs with bankers in their perception and management of a variety of risks. Problems included financial risk, risk to human life and health, and risk of a natural disaster. Cluster analysis and content analysis of think-aloud protocols revealed surprising details. Entrepreneurs accept risk as given and focus on controlling the outcomes at any given level of risk; they also frame their problem spaces with personal values and assume greater personal responsibility for the outcomes.
SCIMA record nr: 171041
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