Entrepreneurship, risk perception and firm performance

Martijn Boermans and Daan Willebrands

No 17-04, Working Papers from Utrecht School of Economics

Abstract: Risk attitudes of entrepreneurs are well-established drivers of business performance. Most empirical studies in this field only take into account risk propensity, leaving out the complementary concept of risk perception. Using data on 611 entrepreneurs from Tanzania, we show that risk perception is positively associated with business performance. In addition, we classify the entrepreneurs in four different groups based on their risk profile. The results show that the worst performing entrepreneurs are those with low risk perception and high risk propensity.

Keywords: risk attitude; risk perception; risk propensity; entrepreneurship; business performance; Africa (search for similar items in EconPapers)
Date: 2017-04
New Economics Papers: this item is included in nep-afr, nep-cse, nep-ent, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://dspace.library.uu.nl/bitstream/handle/1874/348630/17_04.pdf (application/pdf)

Related works:
Journal Article: Entrepreneurship, risk perception and firm performance (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:use:tkiwps:1704

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Utrecht School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Marina Muilwijk ().