Are (active) entrepreneurs a different breed?

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 motivati...

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Bibliographic Details
Published in:Managerial and decision economics 2018-09, Vol.39 (6), p.613-628
Main Authors: Jiang, Bing, Capra, C. Monica
Format: Article
Language:English
Subjects:
Entrepreneurs
Intrinsic motivation
Personality
Personality traits
Pessimism
Questionnaires
RESEARCH ARTICLE
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Summary: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.
ISSN:0143-6570
1099-1468
DOI:10.1002/mde.2930