A successful businessman is not a gambler: risk attitude and business performance among small enterprises in Nigeria
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| Publication date | 2012 |
| Journal | Journal of Economic Psychology |
| Volume | Issue number | 33 | 2 |
| Pages (from-to) | 342-354 |
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| Abstract | This paper analyses the effect of risk attitudes of firm owners on business performance among small enterprises in Lagos, Nigeria. We find that there is no robust support for a positive effect of willingness to take risk through compensation for risk taking. Perception of risk does have a positive effect, suggesting that recognizing and cautiously dealing with risk is beneficial. The effect is robust under alternative specifications. |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1016/j.joep.2011.03.006
(Final published version)
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