Risk propensity differences between entrepreneurs and managers: A meta-analytic review

Citation
Wh. Stewart et Pl. Roth, Risk propensity differences between entrepreneurs and managers: A meta-analytic review, J APPL PSYC, 86(1), 2001, pp. 145-153
Citations number
74
Categorie Soggetti
Psycology
Journal title
JOURNAL OF APPLIED PSYCHOLOGY
ISSN journal
00219010 → ACNP
Volume
86
Issue
1
Year of publication
2001
Pages
145 - 153
Database
ISI
SICI code
0021-9010(200102)86:1<145:RPDBEA>2.0.ZU;2-0
Abstract
Research examining the relative risk-taking propensities of entrepreneurs a nd managers has produced conflicting findings and no consensus, posing an i mpediment to theory development. To overcome the limitations of narrative r eviews, the authors used psychometric meta-analysis to mathematically cumul ate the literature concerning risk propensity differences between entrepren eurs and managers. Results indicate that the risk propensity of entrepreneu rs is greater than that of managers. Moreover, there are larger differences between entrepreneurs whose primary goal is venture growth versus those wh ose focus is on producing family income. Results also underscore the import ance of precise construct definitions and rigorous measurement.