Entrepreneurship, risk perception and firm performance

M.A. Boermans, Daan Willebrands

    Research output: Working paperAcademic


    Risk attitudes of entrepreneurs are well-established drivers of business performance. Most empirical studies in this field only take into account risk propensity, leaving out the complementary concept of risk perception. Using data on 611 entrepreneurs from Tanzania, we show that risk perception is positively associated with business performance. In addition, we classify the entrepreneurs in four different groups based on their risk profile. The results show that the worst performing entrepreneurs are those with low risk perception and high risk propensity.
    Original languageEnglish
    Place of PublicationUtrecht
    PublisherUU USE Tjalling C. Koopmans Research Institute
    Number of pages24
    Publication statusPublished - Apr 2017

    Publication series

    NameU.S.E. Discussion paper series
    ISSN (Electronic)2666-8238


    • risk attitude
    • risk perception
    • risk propensity
    • entrepreneurship
    • business performance
    • Africa


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