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Evaluation of Entrepreneurial Risk-taking Magnitude of Loss Scale

The importance of risk-taking in business ventures has been emphasised by many. Attempts to distinguish entrepreneurs on their risk-taking propensity have produced conflicting results. Data on two measures of risk-taking propensity were collected from entrepreneurs, prospective entrepreneurs and non...

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Bibliographic Details
Main Author: Kamalanabhan, T J
Other Authors: Sunder, D.L, Manshor, Amat Taap
Format: Article
Language:English
Published: The Journal of Entrepreneurship 2006
Subjects:
Online Access:http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1130
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100 |a Kamalanabhan, T J 
245 |a Evaluation of Entrepreneurial Risk-taking Magnitude of Loss Scale  |c Kamalanabhan, T J. 
260 |c 2006  |b The Journal of Entrepreneurship 
300 |a 37-46 
520 |a The importance of risk-taking in business ventures has been emphasised by many. Attempts to distinguish entrepreneurs on their risk-taking propensity have produced conflicting results. Data on two measures of risk-taking propensity were collected from entrepreneurs, prospective entrepreneurs and non-entrepreneur others. While the groups did not differ significantly on risk-taking propensity as measured by the Choice Dilemma Questionnaire, entrepreneurs and prospective entrepreneurs differed significantly from others on the Magnitude of Loss Questionnaire. Similarly, entrepreneurial aspirants differed significantly from the non entrepreneur group. These results highlight the significance of loss, an important aspect in risk-taking, which is often ignored in entrepreneurial and managerial studies. The riskiness in business ventures which has been the main stumbling block for many is not the low probability of success but the high stakes involved in entrepreneurship. 
650 |a Evaluation Study 
650 |a Loss Scale 
650 |a Entrepreneurship Risk 
650 |a Entrepreneurship 
700 |a Sunder, D.L 
700 |a Manshor, Amat Taap 
773 |a The Journal of Entrepreneurship  |d Jan-June 
856 |u http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1130 
942 |2 ddc  |c AR