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Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. 10-053/3
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
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.
Schlagwörter: 
entrepreneurship
risk perception
risk behavior
profit
MSEs
JEL: 
D12
L25
L26
Dokumentart: 
Working Paper
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