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

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dc.contributor.authorSepĂșlveda, Jean P.
dc.contributor.authorBonilla, Claudio A.
dc.date.accessioned2014-12-01T19:08:02Z
dc.date.available2014-12-01T19:08:02Z
dc.date.issued2010
dc.description.abstractWe 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 casees_CL
dc.identifier.citationAcademia, Revista Latinoamericana de AdministraciĂłn, 46, 2011, 72-80es_CL
dc.identifier.urihttp://hdl.handle.net/11447/18
dc.language.isoenes_CL
dc.publisherSchool of Business and Economics, Universidad del Desarrolloes_CL
dc.subjectrisk aversiones_CL
dc.subjectEntrepreneurshipes_CL
dc.subjectGEMes_CL
dc.subjectfear of failinges_CL
dc.titleThe attitude toward the risk of entrepreneurial activity: Evidence from Chilees_CL
dc.typeWorking Paperes_CL

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