Risk, Balanced Skills and Entrepreneurship

Chihmao Hsieh, Simon C. Parker, Mirjam Van Praag

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    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
    Issue number2
    Pages (from-to)287-302
    Number of pages16
    Publication statusPublished - Feb 2017


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

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