Are social entrepreneurs more risk-averse?

Sukwoong Choi, Namil Kim and Wonjoon Kim

Applied Economics Letters, 2019, vol. 26, issue 11, 933-937

Abstract: We have a conventional wisdom that risk-seeking behaviours are related to commercially oriented entrepreneurs. For this reason, most studies have focused on the context of commercial entrepreneurship, and thus we do not know the risk propensity of social entrepreneurs. Using the PSM method, contrary to our wisdom, we find that social entrepreneurs tend to more have about 15% risk-seeking propensity than commercial entrepreneurs.

Date: 2019
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DOI: 10.1080/13504851.2018.1524122

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