A Study of Risk-Taking Propensities among Small Business Entrepreneurs and Managers: an Empirical Evaluation

R. Keith Schwer and Ugur Yucelt

Entrepreneurship Theory and Practice, 1984, vol. 8, issue 3, 31-40

Abstract: This study investigates the risk-taking propensities of a sample of Vermont small business entrepreneurs and managers. Risk-taking propensities as measured by responses to Kogan-Wallach's risk-taking questions varied more for business risk situations than for personal risk, career risk, or trivial risk situations. In addition, there were significant differences in risk-taking propensities according to differences in respondents’ age, education, years of business experience, years owned business, and the size and type of their business using the method of analysis of variance. Risk-taking propensities also varied significantly according to respondents’ motivation as to how they feel about themselves, the probability of improving themselves, and the probability of accomplishing something useful.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:8:y:1984:i:3:p:31-40

DOI: 10.1177/104225878400800306

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