On the simultaneity bias in the relationship between risk attitudes, entry into entrepreneurship and entrepreneurial survival

Matthias Brachert (), Walter Hyll and Mirko Titze

Applied Economics Letters, 2017, vol. 24, issue 7, 477-480

Abstract: We consider the simultaneity bias when examining the effect of individual risk attitudes on entrepreneurship. We demonstrate that entry into self-employment is related to changes in risk attitudes. We further show that these changes are correlated with the probability to remain in entrepreneurship.

Date: 2017
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DOI: 10.1080/13504851.2016.1203056

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