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Business Ownership and Attitudes towards Risk

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Business Ownership and Attitudes towards Risk. / Brown, Sarah; Dietrich, Mike ; Ortiz-Nunez, Aurora et al.
In: Applied Economics, Vol. 45, No. 13, 2013, p. 1731-1740.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Brown, S, Dietrich, M, Ortiz-Nunez, A & Taylor, K 2013, 'Business Ownership and Attitudes towards Risk', Applied Economics, vol. 45, no. 13, pp. 1731-1740. https://doi.org/10.1080/00036846.2011.636026

APA

Brown, S., Dietrich, M., Ortiz-Nunez, A., & Taylor, K. (2013). Business Ownership and Attitudes towards Risk. Applied Economics, 45(13), 1731-1740. https://doi.org/10.1080/00036846.2011.636026

Vancouver

Brown S, Dietrich M, Ortiz-Nunez A, Taylor K. Business Ownership and Attitudes towards Risk. Applied Economics. 2013;45(13):1731-1740. doi: 10.1080/00036846.2011.636026

Author

Brown, Sarah ; Dietrich, Mike ; Ortiz-Nunez, Aurora et al. / Business Ownership and Attitudes towards Risk. In: Applied Economics. 2013 ; Vol. 45, No. 13. pp. 1731-1740.

Bibtex

@article{bdb0db54239b42cd99d268aeff317f43,
title = "Business Ownership and Attitudes towards Risk",
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{\textquoteright} 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.",
keywords = "business ownership, risk attitudes , self-employment",
author = "Sarah Brown and Mike Dietrich and Aurora Ortiz-Nunez and Karl Taylor",
year = "2013",
doi = "10.1080/00036846.2011.636026",
language = "English",
volume = "45",
pages = "1731--1740",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "13",

}

RIS

TY - JOUR

T1 - Business Ownership and Attitudes towards Risk

AU - Brown, Sarah

AU - Dietrich, Mike

AU - Ortiz-Nunez, Aurora

AU - Taylor, Karl

PY - 2013

Y1 - 2013

N2 - 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.

AB - 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.

KW - business ownership

KW - risk attitudes

KW - self-employment

U2 - 10.1080/00036846.2011.636026

DO - 10.1080/00036846.2011.636026

M3 - Journal article

VL - 45

SP - 1731

EP - 1740

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 13

ER -