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    Risk Propensity Between Entrepreneur and Manager PDF

    Diunggah oleh

    PusatStudyPerilakuEkonomi

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    © All Rights Reserved
    Unduh sebagai PDF atau baca online dari Scribd
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    Sokal he es Patan Risk Propensity Differences Between Entrepreneurs and Managers: ‘A Meta-Analytic Review Wayne H. Stewart Jr. and Philip L. Roth Clemson University [Research examining the relative risk-taking propensities of entrepreneurs and managers has produced ‘conflicting findings and no consensus, posing an impediment to theory developmen. To overcome the Timitations of mative reviews, the authors sed peychometc meta-analysis to mathematically cumulate the literature conceming risk propensity diferences between eouepreneus and manages. Rests indict thatthe risk propensity of entepreneur greater than that Of managers. Moreover, tere are larger citfrences berween entrepreneur whose primary gals venture growth versus those whose focus is on proicing family income. Results als underscore the importance of precise construct definitions sd igocous measurement Recent meta-analyses in applied psychology have strongly sup- ported the importance of personality traits in understanding and Predicting organizational outcomes such as job performance, train- ing success, and salary (ex, Barrick & Mount, 1991; Hough, Eaton, Dunaete, Kamp, & McCloy, 1990), challenging years of thought ha personality does not significantly influence behavior. Although most of these analyses have focused on performance- related outcomes in larger, well-established organizations, there ate also implications forentepreneurs and thet emerging orgni- ations. The role of personality in entrepreneurial career choice ad in entrepreneurial eognition, important inthe development of 4 theory of the enteprencur (J, W. Carland, Hoy. Boulton, & Carla, 1984; Johnson, 1990), has received substantial research attention. A prime example i entrepreneurial risk-taking propen Si, a research steam emanating from Cantons ealy-18t- century conceptalization of ensepreneuial risk bearing, While Scholars have been speculating onthe role of isk in entreprenes- jal behavior fo over 300 yeas, the empirical evidence concerning the hypothesis that enteprencus have a greater ik propensity ‘than do managers has bezn plagued by methodological imitation, and the results appear inconsistent. Because of contradictory results in the primary studies, eviews of the lteraure (eg. Brockhaus & Horwitz, 1986; Chel, 1985; Pery, 1990) have frequently concluded tat entrepreneurs do not Ive a distinctive risk propensity compared with managers. These narrative summaries, however, are prose to maj methodologies] limitations, suchas not mathematically cumulating resus, lack of attention to sampling ero, and measurement reliability concerns “To date, there has been no rigorous assessment that satisfactorily ‘Wayne H. Stewart J and Philip L. Roth, Department of Management, ‘Clemson Univers Funding fr this research was provided by the Spiro Center for Ente- preneurial Leadership, Clemson Univertiy (Corespondence concerning this aticle shouldbe addressed to Wayne H, Stewart Jr, Deparment of Management, 101 Sirine Hall, Clemson University, Clemson, South Carolina 29634-1308. Electron mail may Be seat to waynes@clemson

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