Religious Orthodoxy and Entrepreneurial Risk-Taking

Abstract

The relationship between entrepreneurship and religion is complex (Dana 2010 Dana, Leo Paul. 2010. “Entrepreneurship and Religion”. In ed, Northampton, MA: Edward Elgar Publishing. [Crossref] , [Google Scholar]), and religion can help or hamper the entrepreneurial process, depending on the context and culture (Dana 2009 Dana, Leo and Paul. 2009. Religion as an Explanatory Variable for Entrepreneurship. International Journal of Entrepreneurship and Innovation, 10(2): 87–100. [Crossref] , [Google Scholar]; Dodd and Gotsis 2007 Dodd, Sarah Drakopoulou and George, Gotsis. 2007. The Interrelationships between Entrepreneurship and Religion. International Journal of Entrepreneurship and Innovation, 8(2): 93–104. [Crossref] , [Google Scholar]). This article examines religious orthodoxy and its connection to one aspect of the entrepreneurial process—risk-taking within existing organizations. Using multinomial logistic regression to analyze data from the 2010 Baylor Religion Survey, the researchers find that religious orthodoxy is negatively associated with entrepreneurial risk-taking, even after controlling for traditional variables associated with entrepreneurism. It supports the idea that beliefs—and not just adherence or behaviors—are important to understanding the connection between entrepreneurial processes and religion.

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