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Are (active) entrepreneurs a different breed?
Author(s) -
Jiang Bing,
Capra C. Monica
Publication year - 2018
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.2930
Subject(s) - pessimism , personality , big five personality traits , set (abstract data type) , psychology , social psychology , marketing , business , computer science , philosophy , epistemology , programming language
We present data from an incentivized online experiment and responses from a set of validated psychological questionnaires to measure entrepreneurs' risk and time preferences and to identify entrepreneurs' personality characteristics. The analyses of the data suggest that intrinsic motivation positively relates to the likelihood of owning a business (i.e., being an active entrepreneur). We also found that subjects who scored higher on drive were relatively more risk seeking while those who scored higher on pessimism were more patient. The results of our study highlight the importance of studying personality traits to better understand what drives people to own a business.