title: The role of risk propensity in predicting self-employment.
abstract: This study aims to untangle the role of risk propensity as a predictor of self-employment entry and self-employment survival. More specifically, it examines whether the potentially positive effect of risk propensity on the decision to become self-employed turns curvilinear when it comes to the survival of the business. Building on a longitudinal sample of 4,973 individuals from the German Socio-Economic Panel, we used event history analyses to evaluate the influence of risk propensity on self-employment over a 7-year time period. Results indicated that whereas high levels of risk propensity positively predicted the decision to become self-employed, the relationship between risk propensity and self-employment survival followed an inverted U-shaped curve.
authors.affiliation: Cologne Graduate School in Management, Economics, and Social Sciences, University of Cologne.
authors.forename: Christiane
authors.initials: C
authors.lastname: Nieß
authors.affiliation: Department of Management, University of Mannheim.
authors.forename: Torsten
authors.initials: T
authors.lastname: Biemann
mesh_terms: D000328:Adult; D002321:Career Choice; D004651:Employment / Q000523:psychology*; D005260:Female; D006801:Humans; D008297:Male; D012309:Risk-Taking