Article1980

Risk Taking Propensity of Entrepreneurs.

1,732 citations0/0 files storedAcademy of Management Journal

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Entrepreneurship Studies and Influences Decision-Making and Behavioral Economics Migration, Ethnicity, and Economy

Abstract

The risk taking propensities of entrepreneurs of new ventures were objectively obtained using the Kogan- Wallach choice dilemmas questionnaire and were compared to those of managers and to normative data developed for the measurement instrument. The findings suggest that risk taking propensity may not be a distinguishing characteristic of entrepreneurs. They refute assumptions based on research that has been subjective and noncomparative and that used established entrepreneurs.

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Cited by

1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1988“Who Is an Entrepreneur?” Is the Wrong Question 1987Managerial Perspectives on Risk and Risk Taking 1998Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?1997Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making 2007A Paradigm of Entrepreneurship: Entrepreneurial Management*1985A Conceptual Framework for Describing the Phenomenon of New Venture Creation 2004The Relationship of Entrepreneurial Traits, Skill, and Motivation to Subsequent Venture Growth.

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