Risk attitudes and personality traits of entrepreneurs and venture team members

Sari Pekkala Kerr, William Kerr and Margaret Dalton
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Margaret Dalton: Entrepreneurial Management Unit, Harvard Business School, Boston, MA 02163

Proceedings of the National Academy of Sciences, 2019, vol. 116, issue 36, 17712-17716

Abstract: Personality distinctions between entrepreneurs, nonfounder CEOs/leaders, and inventor employees have received limited attention, especially in innovative settings where they are working together. We surveyed these groups, along with other employees of innovative firms, at 4 locations of a prominent innovation and coworking center. Entrepreneurs display the greatest tolerance of risk, even in small gambles, as well as the strongest self-efficacy, internal locus of control, and need for achievement. Nonfounder CEOs/leaders typically sit in between entrepreneurs and employees for personality traits. Entrepreneurs, nonfounder CEOs/leaders, and inventor employees all show more innovative personalities than the noninventor employees in the same companies.

Keywords: entrepreneurs; inventors; innovation; personality; risk (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nas:journl:v:116:y:2019:p:17712-17716

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