Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86795
Authors: 
Lammers, Judith
Willebrands, Daan
Hartog, Joop
Year of Publication: 
2010
Series/Report no.: 
Tinbergen Institute Discussion Paper 10-053/3
Abstract: 
This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity has a negative or no effect. Education, age, being male, and firm size are all positively related to profit, while young firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher profitability.
Subjects: 
entrepreneurship
risk perception
risk behavior
profit
MSEs
JEL: 
D12
L25
L26
Document Type: 
Working Paper

Files in This Item:
File
Size
290.25 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.