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Are social entrepreneurs more risk-averse?

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ABSTRACT We have a conventional wisdom that risk-seeking behaviours are related to commercially oriented entrepreneurs. For this reason, most studies have focused on the context of commercial entrepreneurship, and thus… Click to show full abstract

ABSTRACT We have a conventional wisdom that risk-seeking behaviours are related to commercially oriented entrepreneurs. For this reason, most studies have focused on the context of commercial entrepreneurship, and thus we do not know the risk propensity of social entrepreneurs. Using the PSM method, contrary to our wisdom, we find that social entrepreneurs tend to more have about 15% risk-seeking propensity than commercial entrepreneurs.

Keywords: risk averse; entrepreneurs risk; social entrepreneurs

Journal Title: Applied Economics Letters
Year Published: 2018

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