The Role of Risk Propensity in Predicting Self-Employment

• 成果类型: Article
• 署名作者: Niess, Christiane; Biemann, Torsten
• 署名单位: University of Cologne; University of Mannheim
• 刊物名称: JOURNAL OF APPLIED PSYCHOLOGY
• ISSN/ISSBN: 0021-9010
• DOI: 10.1037/a0035992
• 发表日期: 2014
• 页码: 1000-1009
• 关键词: risk propensity; self-employment entry; self-employment survival; longitudinal design; event history analysis

摘要

This study aims to untangle the role of risk propensity as a predictor of self-employment entry and self-employment survival. More specifically, it examines whether the potentially positive effect of risk propensity on the decision to become self-employed turns curvilinear when it comes to the survival of the business. Building on a longitudinal sample of 4,973 individuals from the German Socio-Economic Panel, we used event history analyses to evaluate the influence of risk propensity on self-employment over a 7-year time period. Results indicated that whereas high levels of risk propensity positively predicted the decision to become self-employed, the relationship between risk propensity and self-employment survival followed an inverted U-shaped curve.