Document Detail

Risk propensity differences between managers and entrepreneurs and between low- and high-growth entrepreneurs: a reply in a more conservative vein.
MedLine Citation:
PMID:  14769116     Owner:  NLM     Status:  MEDLINE    
A recent article (W. H. Stewart & P. L. Roth, 2001) in the Journal of Applied Psychology presented the conclusion from meta-analysis that entrepreneurs have a higher risk propensity than managers and that this propensity is particularly pronounced among the growth-oriented. A previously unresolved question was said to be laid to rest and a "vital component" of a theory of entrepreneurship established. The present article disagrees and cites data from 14 studies not included in the Stewart and Roth (2001) analysis, adding up to a conclusion (supported by new meta-analyses) that entrepreneurs (and those with a growth orientation) are more risk avoidant. Thus, a conservative view, retaining the position that the role of risk propensity in entrepreneurship remains unresolved, is upheld. Potential explanations for the conflicting results are explored.
John B Miner; Nambury S Raju
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Publication Detail:
Type:  Comment; Journal Article; Meta-Analysis    
Journal Detail:
Title:  The Journal of applied psychology     Volume:  89     ISSN:  0021-9010     ISO Abbreviation:  J Appl Psychol     Publication Date:  2004 Feb 
Date Detail:
Created Date:  2004-02-10     Completed Date:  2004-03-25     Revised Date:  2004-11-17    
Medline Journal Info:
Nlm Unique ID:  0222526     Medline TA:  J Appl Psychol     Country:  United States    
Other Details:
Languages:  eng     Pagination:  3-13     Citation Subset:  IM    
Copyright Information:
((c) 2004 APA, all rights reserved)
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MeSH Terms
Personnel Management*
Comment On:
J Appl Psychol. 2001 Feb;86(1):145-53   [PMID:  11302226 ]
Comment In:
J Appl Psychol. 2004 Feb;89(1):14-21   [PMID:  14769117 ]

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