Business Ownership and Attitudes towards Risk

Brown, Sarah and Dietrich, Mike and Ortiz-Nunez, Aurora and Taylor, Karl (2013) Business Ownership and Attitudes towards Risk. Applied Economics, 45 (13). pp. 1731-1740. ISSN 0003-6846

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Abstract

We explore the relationship between business ownership and attitudes towards financial risk using individual level data drawn from the US Survey of Consumer Finances (SCF). The SCF includes a measure of individuals’ attitudes towards risk allowing us to explore the implications of interpersonal differences in risk attitudes for the probability and success of business ownership. Our empirical findings suggest that willingness to take financial risk is positively associated with both the incidence and success of business ownership. We find that this relationship is particularly pronounced in cases where the individual actually started the business.

Item Type:
Journal Article
Journal or Publication Title:
Applied Economics
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
62769
Deposited By:
Deposited On:
11 Mar 2013 16:36
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 08:20