Are (Active) Entrepreneurs a Different Breed?

Jiang, B., & Capra, C. M. (2018). Are (active) entrepreneurs a different breed?. Managerial and Decision Economics, 39 (6), 613–628.

Posted: 5 Dec 2012 Last revised: 27 Sep 2018

See all articles by Bing Jiang

Bing Jiang

Department of Economics and Business, Virginia Military Institute

C. Monica Capra

Claremont Graduate University

Date Written: September 2, 2018

Abstract

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.

Keywords: Entrepreneurs; Experiments; Risk and Time Preferences; Personality.

JEL Classification: D8, C91, C83

Suggested Citation

Jiang, Bing and Capra, C. Monica, Are (Active) Entrepreneurs a Different Breed? (September 2, 2018). Jiang, B., & Capra, C. M. (2018). Are (active) entrepreneurs a different breed?. Managerial and Decision Economics, 39 (6), 613–628. , Available at SSRN: https://ssrn.com/abstract=2184638 or http://dx.doi.org/10.2139/ssrn.2184638

Bing Jiang (Contact Author)

Department of Economics and Business, Virginia Military Institute ( email )

Virginia Military Institute
335 Scott Shipp Hall
Lexington, VA 24450
United States
540-464-7451 (Phone)
540-464-7005 (Fax)

C. Monica Capra

Claremont Graduate University ( email )

170 E. Tenth Street
Claremont, CA 91711
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,449
PlumX Metrics