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The authors, listed in alphabetical order, are grateful to Peter Berkhout for his contribution to the data analysis and Peter Thompson for helpful comments on an earlier draft. The usual disclaimer applies.
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not taking this possible linkage into account, previous research has underestimated the impacts of both risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch university graduates provide an illustration supporting our contention. We raise the possibility that even risk-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated somewhat mixed evidence about the effects of risk aversion on selection into entrepreneurship.
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- Risk, balanced skills and entrepreneurship
Simon C. Parker
C. Mirjam van Praag
- Springer US
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