Risk, Balanced Skills and Entrepreneurship

Chihmao Hsieh, Simon C. Parker, Mirjam Van Praag

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    Abstract

    This paper proposes that risk aversionencourages individuals to invest in balanced skillprofiles, making them more likely to become entrepreneurs.By not taking this possible linkage intoaccount, previous research has underestimated theimpacts of both risk aversion and balanced skills onthe likelihood individuals choose entrepreneurship.Data on Dutch university graduates provide an illustrationsupporting our contention. We raise thepossibility that even risk-averse people might besuited to entrepreneurship; and it may also help
    Original languageEnglish
    JournalSmall Business Economics
    Volume48
    Issue number2
    Pages (from-to)287-302
    Number of pages16
    ISSN0921-898X
    DOIs
    Publication statusPublished - Feb 2017

    Keywords

    • Entrepreneurship
    • Jack-of-all-trades
    • Risk
    • Human capital
    • Occupational choice
    • Balanced skills

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