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| Tekijä: | Caliendo, M. Fossen, F.M. Kritikos, A.S. |
| Otsikko: | Risk attitudes of nascent entrepreneurs - New evidence from an experimentally validated survey |
| Lehti: | Small business economics
2009 : FEB, VOL. 32:2, p. 153-167 |
| Asiasana: | entrepreneurship self-employment decision making financial risk risk aversion attitudes Germany |
| Kieli: | eng |
| Tiivistelmä: | In the entrepreneurial literature, the influence of risk aversion (hereafter as: r-a.) on the decision (as: dec.) to become self-employed is a much discussed topic. This study empirically examines whether the dec. of starting a business is influenced by objectively measurable risk attitudes at the time of the decision. In general, individuals with lower r-a. are shown to be more likely to become self-employed. However, sensitivity analysis uncovers that this is true only for people coming out of regular employment, while for individuals coming out of unemployment/inactivity, risk attitudes do not appear to play a role in the dec. process. |
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