Entry into self-employment and individuals’ risk-taking propensities

Autor:	Abdolkarim Sadrieh, Walter Hyll, Matthias Brachert
Rok vydání:	2019
Předmět:	Economics and Econometrics Entrepreneurship 0502 economics and business 05 social sciences Economics Demographic economics Endogeneity 050207 economics Literature study Risk taking General Business Management and Accounting 050203 business & management Self-employment
Zdroj:	Small Business Economics. 55:1057-1074
ISSN:	1573-0913 0921-898X
Popis:	Most of the existing empirical literature on self-employment decisions assumes that individuals’ risk-taking propensities are stable over time. We allow for endogeneity on both sides when examining the relationship between individual risk-taking propensities and entry into self-employment. We confirm that a greater risk-taking propensity is associated with a higher probability of entering self-employment. However, we also find evidence that entering self-employment is associated with a significant and substantial increase in an individual’s propensity to take risks. Our findings add to the growing evidence that risk-taking propensities are not only inborn, but also determined by environmental factors.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::477b4c9b8162e2dc2a9048c3ec35a1ba https://doi.org/10.1007/s11187-019-00173-6 Zobrazit plný text záznamu Full text from SpringerLink