DEVELOPING A TAXONOMY FOR IDENTIFYING ENTREPRENEURIAL RISK: AN EMPIRICAL STUDY ON ENTREPRENEURIAL RISK PATTERNS OF BUSINESS ENTERPRISES

D. Anthony Miles ()
Additional contact information
D. Anthony Miles: Texas A&M University-San Antonio, School of Business, University Way 1, San Antonio, TX 78224, USA

Journal of Developmental Entrepreneurship (JDE), 2014, vol. 19, issue 01, 1-22

Abstract: Most of the prior research on entrepreneurial risk concentrates on entrepreneur behavioral characteristics, personality traits and characteristics. Very little of the body of research examines the market behavior of the firm and its risk patterns that can cause business failure. The purpose of this research was to develop a taxonomy of entrepreneurial risk behaviors and examine their effect on small business enterprises (SME). The study was the development and administration of the Entrepreneurial Risk Survey (ERS) instrument. ERS was used to empirically examine a sample (N = 201) of SMEs across 11 industries for the proposed taxonomy of 22 risk variables. An exploratory factor analysis methodology was conducted for the study. The principle component analysis was conducted and resulted in an eight-factor solution. A multivariate regression analysis was also used to measure the industry type as a predictor variable. The results of the exploratory factor analysis (EFA) indicated there are eight factors of entrepreneurial risk that affect SMEs.

Keywords: Entrepreneurial risk; business taxonomy; factor analysis; PCA; commodity-type industries; risk patterns (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1084946714500022
Access to full text is restricted to subscribers

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:wsi:jdexxx:v:19:y:2014:i:01:n:s1084946714500022

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1084946714500022

Access Statistics for this article

Journal of Developmental Entrepreneurship (JDE) is currently edited by Peter Koveos

More articles in Journal of Developmental Entrepreneurship (JDE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().