The Influence of Entrepreneurial Risk Assessment on Venture Launch or Growth Decisions

Norton, William I.; Moore, William T.

doi:10.1007/s11187-004-5612-y

Cited by 85 publications

(48 citation statements)

References 26 publications

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“…Brockhaus (1980), for example, compared entrepreneurs and managers and found that risk-taking does not distinguish either one group from the other. Similar results have been found by other scholars (Masters and Meier, 1988;Norton and Moore, 2006;Palich and Bagby, 1995). In other studies, however, it has been found that risk-taking propensity is higher among entrepreneurs than among other individuals (e.g., Begley and Boyd, 1987; for a meta-analytic review, see Stewart and Roth, 2001).…”

Section: Literature Review and Research Gapsupporting

confidence: 88%

Do Risk Attitudes Differ Within the Group of Entrepreneurs?

Sandner¹,

Spiegel²

2010

AMPROC

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The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a business involves risk and requires a risk-taking attitude. Most studies have compared entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research exists on the risk attitudes of different types of entrepreneurs. This study aims to fill this gap. Our particular focus is on the entrepreneurs' motivations to start their business. The results show that opportunity entrepreneurs are more willing to take risks than necessity entrepreneurs. In addition, entrepreneurs who are motivated by creativity are more risk-tolerant than other entrepreneurs. The study contributes to the literature about risk attitudes of entrepreneurs and to the literature about necessity and opportunity entrepreneurship. JEL codes: D81; L26; J60

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Section: Literature Review and Research Gapsupporting

confidence: 88%

Do Risk Attitudes Differ Within the Group of Entrepreneurs?

Sandner¹,

Spiegel²

2010

AMPROC

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“…In previous studies by one of the 11 Whether entrepreneurs are more likely to engage in risky behaviour (see Palich and Bagby, 1995) is a controversial issue and empirical evidence is inconclusive. For example, in a recent paper, Norton and Moore (2006) conclude that entrepreneurs do not differ from non-entrepreneurs as regards their risk-taking propensity.…”

Section: From Macroeconomic Outcomes To Microfoundations Of New Firm mentioning

confidence: 99%

Entrepreneurship and the process of firms' entry, survival and growth

Santarelli¹,

Vivarelli²

2007

Industrial and Corporate Change

398

253

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. licence. www.econstor.eu IZA DP No. 2475 Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated Entrepreneurship and the Process of Firms' Entry, Survival and Growth Enrico Santarelli Marco Vivarelli D I S C U S S I O N P A P E R S E R I E SThe Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit company supported by Deutsche Post World Net. The center is associated with the University of Bonn and offers a stimulating research environment through its research networks, research support, and visitors and doctoral programs. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public.IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. ABSTRACT Entrepreneurship and the Process of Firms' Entry, Survival and GrowthThis survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's ex-ante features in terms of likely ex-post business performance. The main conclusion is that entry of new firms is heterogeneous with innovative entrepreneurs being found together with passive followers, over-optimist gamblers and even escapees from unemployment. Since founders are heterogeneous and may make "entry mistakes", policy incentives sh...

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“…Indeed, it is how the entrepreneur perceives the opportunity rather than the opportunity itself that matters (Dana and Dana, 2005). Lower risk perception may be the result of entrepreneurs framing the business situation too positively (e.g., Norton and Moore, 2006;Palich and Bagby, 1995). Willebrands et al (2012) argue that this could lead to a lack of risk mitigation.…”

Section: Related Literaturementioning

confidence: 99%

“…Most empirical studies make use of experimental designs and only look at the impact of risk perception on a single, predefined decision (Forlani and Mullins, 2000;Norton and Moore, 2006). Sitkin and Weingart (1995), for example, show that higher risk perception leads to less risky decisionmaking by entrepreneurs, but do not analyse the effect on firm performance.…”

Section: Related Literaturementioning

confidence: 99%

Entrepreneurship, risk perception and firm performance

Boermans

Willebrands

2017

IJESB

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Risk attitudes of entrepreneurs are well-established drivers of business performance. Most empirical studies in this field only take into account risk propensity, leaving out the complementary concept of risk perception. Using data on 611 entrepreneurs from Tanzania, we show that risk perception is positively associated with business performance. In addition, we classify the entrepreneurs in four different groups based on their risk profile. The results show that the worst performing entrepreneurs are those with low risk perception and high risk propensity.

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The Influence of Entrepreneurial Risk Assessment on Venture Launch or Growth Decisions

Cited by 85 publications

References 26 publications

Do Risk Attitudes Differ Within the Group of Entrepreneurs?

Do Risk Attitudes Differ Within the Group of Entrepreneurs?

Entrepreneurship and the process of firms' entry, survival and growth

Entrepreneurship, risk perception and firm performance

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