Do decision-makers in SMEs have higher risk aversion than in large enterprises?

Ralf Peter Wüstermann ()
Additional contact information
Ralf Peter Wüstermann: PhD.-Student Girne American University

Zeitschrift für interdisziplinäre ökonomische Forschung, 2016, issue 2, 72-78

Abstract: In scientific discussion, it is widely assumed that decision-makersin SMEs have a higher risk aversion than those in large enterprises. This hypothesis will be evaluated with statistics to obtain a clear answer. Based on the keyfigureequity ratio, the risk aversion of decision-makersin SMEs and large companies can be statistically evaluated. The time series analysis revealed significant differences in risk aversion for different company sizes. Also the specific the company size-related environmental and market conditions influence the individual risk aversion of the decision makers. Therefore, the risk aversion of a decision-makerin an SME can be distinguished from the risk aversion in large companies.

Keywords: Arrow-Pratt measure; risk aversion; statistics; financial statements; decision-makers (search for similar items in EconPapers)
JEL-codes: C10 L20 M10 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:ris:zfioef:0039

Access Statistics for this article

Zeitschrift für interdisziplinäre ökonomische Forschung is currently edited by Sonja Keppler

More articles in Zeitschrift für interdisziplinäre ökonomische Forschung from Allensbach Hochschule Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Petia Popova ( this e-mail address is bad, please contact ).