Risk attitudes and personality traits of entrepreneurs and venture team members | Zendy

Sari Pekkala Kerr | Zendy; William R. Kerr | Zendy; Margaret Dalton | Zendy

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Risk attitudes and personality traits of entrepreneurs and venture team members

Author(s) -

Sari Pekkala Kerr,

William R. Kerr,

Margaret Dalton

Publication year - 2019

Publication title -

proceedings of the national academy of sciences

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 5.011

H-Index - 771

eISSN - 1091-6490

pISSN - 0027-8424

DOI - 10.1073/pnas.1908375116

Subject(s) - locus of control , big five personality traits , personality psychology , personality , need for achievement , psychology , business , entrepreneurship , marketing , management , business administration , social psychology , finance , economics

Personality distinctions between entrepreneurs, nonfounder CEOs/leaders, and inventor employees have received limited attention, especially in innovative settings where they are working together. We surveyed these groups, along with other employees of innovative firms, at 4 locations of a prominent innovation and coworking center. Entrepreneurs display the greatest tolerance of risk, even in small gambles, as well as the strongest self-efficacy, internal locus of control, and need for achievement. Nonfounder CEOs/leaders typically sit in between entrepreneurs and employees for personality traits. Entrepreneurs, nonfounder CEOs/leaders, and inventor employees all show more innovative personalities than the noninventor employees in the same companies.

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