Risk, balanced skills and entrepreneurship
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- 作者：Chihmao Hsieh ; Simon C. Parker ; C. Mirjam van Praag
- 关键词：Entrepreneurship ; Jack ; of ; all ; trades ; Risk ; Human capital ; Occupational choice ; Balanced skills
- 刊名：Small Business Economics
- 出版年：2017
- 出版时间：February 2017
- 年：2017
- 卷：48
- 期：2
- 页码：287-302
- 全文大小：475KB
- 刊物类别：Business and Economics
- 刊物主题：Management; Microeconomics; Entrepreneurship; Industrial Organization;
- 出版者：Springer US
- ISSN：1573-0913
- 卷排序：48
文摘
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not taking this possible linkage into account, previous research has underestimated the impacts of both risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch university graduates provide an illustration supporting our contention. We raise the possibility that even risk-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated somewhat mixed evidence about the effects of risk aversion on selection into entrepreneurship.