Home > Research > Publications & Outputs > Macroeconomic Uncertainty and Risk

Research

Associated organisational unit

Electronic data

  • 0. Manuscript

    Rights statement: The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 46 (5), 2022, © SAGE Publications Ltd, 2022 by SAGE Publications Ltd at the Entrepreneurship Theory and Practice page: https://journals.sagepub.com/home/etp on SAGE Journals Online: http://journals.sagepub.com/

    Accepted author manuscript, 748 KB, PDF document

    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

Links

Text available via DOI:

Keywords

View graph of relations

Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners

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

Published

Standard

Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners. / Patel, Pankaj C.; Tsionas, Mike.
In: Entrepreneurship Theory and Practice, Vol. 46, No. 5, 01.09.2022, p. 1402-1422.

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

Harvard

Patel, PC & Tsionas, M 2022, 'Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners', Entrepreneurship Theory and Practice, vol. 46, no. 5, pp. 1402-1422. https://doi.org/10.1177/1042258720985475

APA

Patel, P. C., & Tsionas, M. (2022). Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners. Entrepreneurship Theory and Practice, 46(5), 1402-1422. https://doi.org/10.1177/1042258720985475

Vancouver

Patel PC, Tsionas M. Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners. Entrepreneurship Theory and Practice. 2022 Sept 1;46(5):1402-1422. Epub 2021 Jan 13. doi: 10.1177/1042258720985475

Author

Patel, Pankaj C. ; Tsionas, Mike. / Macroeconomic Uncertainty and Risk : Collective Optimism of Small-Business Owners. In: Entrepreneurship Theory and Practice. 2022 ; Vol. 46, No. 5. pp. 1402-1422.

Bibtex

@article{0e9df8aa6c4545ec982d88404eed5605,
title = "Macroeconomic Uncertainty and Risk: Collective Optimism of Small-Business Owners",
abstract = "How small-business owners assess uncertainty and risk in the macroeconomic environment to report optimism toward their business activity is an important research question for policymakers and academics alike. Drawing on a monthly optimism index and a variety of uncertainty and volatility (risk) trackers from January 1986 to June 2017, in line with the expectation that business owners dislike uncertainty in economic policy, economic policy uncertainty may lower optimism. Business investment and sentiment volatility, however, contributed positively to optimism. The findings provide preliminary implications for policymakers in targeting indicators salient to the optimism index of small-business owners.",
keywords = "risk, uncertainty, collective optimism",
author = "Patel, {Pankaj C.} and Mike Tsionas",
note = "The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 46 (5), 2022, {\textcopyright} SAGE Publications Ltd, 2022 by SAGE Publications Ltd at the Entrepreneurship Theory and Practice page: https://journals.sagepub.com/home/etp on SAGE Journals Online: http://journals.sagepub.com/ ",
year = "2022",
month = sep,
day = "1",
doi = "10.1177/1042258720985475",
language = "English",
volume = "46",
pages = "1402--1422",
journal = "Entrepreneurship Theory and Practice",
issn = "1042-2587",
publisher = "Wiley-Blackwell",
number = "5",

}

RIS

TY - JOUR

T1 - Macroeconomic Uncertainty and Risk

T2 - Collective Optimism of Small-Business Owners

AU - Patel, Pankaj C.

AU - Tsionas, Mike

N1 - The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, 46 (5), 2022, © SAGE Publications Ltd, 2022 by SAGE Publications Ltd at the Entrepreneurship Theory and Practice page: https://journals.sagepub.com/home/etp on SAGE Journals Online: http://journals.sagepub.com/

PY - 2022/9/1

Y1 - 2022/9/1

N2 - How small-business owners assess uncertainty and risk in the macroeconomic environment to report optimism toward their business activity is an important research question for policymakers and academics alike. Drawing on a monthly optimism index and a variety of uncertainty and volatility (risk) trackers from January 1986 to June 2017, in line with the expectation that business owners dislike uncertainty in economic policy, economic policy uncertainty may lower optimism. Business investment and sentiment volatility, however, contributed positively to optimism. The findings provide preliminary implications for policymakers in targeting indicators salient to the optimism index of small-business owners.

AB - How small-business owners assess uncertainty and risk in the macroeconomic environment to report optimism toward their business activity is an important research question for policymakers and academics alike. Drawing on a monthly optimism index and a variety of uncertainty and volatility (risk) trackers from January 1986 to June 2017, in line with the expectation that business owners dislike uncertainty in economic policy, economic policy uncertainty may lower optimism. Business investment and sentiment volatility, however, contributed positively to optimism. The findings provide preliminary implications for policymakers in targeting indicators salient to the optimism index of small-business owners.

KW - risk

KW - uncertainty

KW - collective optimism

U2 - 10.1177/1042258720985475

DO - 10.1177/1042258720985475

M3 - Journal article

VL - 46

SP - 1402

EP - 1422

JO - Entrepreneurship Theory and Practice

JF - Entrepreneurship Theory and Practice

SN - 1042-2587

IS - 5

ER -