Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322960 
Year of Publication: 
2017
Series/Report no.: 
U.S.E. Discussion Papers Series No. 17-04
Publisher: 
Utrecht University, Utrecht University School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
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.
Subjects: 
risk attitude
risk perception
risk propensity
entrepreneurship
business performance
Africa
Document Type: 
Working Paper

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