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The attitude toward the risk of entrepreneurial activity: Evidence from Chile

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dc.contributor.author Sepúlveda, Jean P.
dc.contributor.author Bonilla, Claudio A.
dc.date.accessioned 2014-12-01T19:08:02Z
dc.date.available 2014-12-01T19:08:02Z
dc.date.issued 2010
dc.identifier.citation Academia, Revista Latinoamericana de Administración, 46, 2011, 72-80 es_CL
dc.identifier.uri http://hdl.handle.net/11447/18
dc.description.abstract We study the factors that may influence the attitude toward the risk of entrepreneurial activity and its impact on the propensity to become an entrepreneur. We proxy the attitude toward risk by using the answers to the fear of failing question contained in the Global Entrepreneurship Monitor survey. Interesting results are found. First, we found that being male, having more years of formal education and believing to have the necessary skills to developing a new venture have all a negative effect on an individual`s attitude toward risk and therefore, increase the probability of becoming an entrepreneur. Age affects the risk in a quadratic way (first positive but after to some point negative). Finally, contrary to conventional wisdom, having the experience of shutting down a business has no effect on the risk`s attitude for developing a new venture in the Chilean case es_CL
dc.language.iso en es_CL
dc.publisher School of Business and Economics, Universidad del Desarrollo es_CL
dc.subject risk aversion es_CL
dc.subject Entrepreneurship es_CL
dc.subject GEM es_CL
dc.subject fear of failing es_CL
dc.title The attitude toward the risk of entrepreneurial activity: Evidence from Chile es_CL
dc.type Working Paper es_CL


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