Menu
×
West Ashley Library
9 a.m. - 7 p.m.
Phone: (843) 766-6635
Folly Beach Library
Closed
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
Closed for renovations
Phone: (843) 883-3914
Wando Mount Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 805-6888
Village Library
9 a.m. - 1 p.m.
Phone: (843) 884-9741
St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
Phone: (843) 889-3300
Otranto Road Library
9 a.m. - 8 p.m.
Phone: (843) 572-4094
Mt. Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 849-6161
McClellanville Library
9 a.m. - 6 p.m.
Phone: (843) 887-3699
Keith Summey North Charleston Library
9 a.m. - 8 p.m.
Phone: (843) 744-2489
John's Island Library
9 a.m. - 8 p.m.
Phone: (843) 559-1945
Hurd/St. Andrews Library
9 a.m. - 8 p.m.
Phone: (843) 766-2546
Miss Jane's Building (Edisto Library Temporary Location)
2 p.m. – 6 p.m.
Phone: (843) 869-2355
Dorchester Road Library
9 a.m. - 8 p.m.
Phone: (843) 552-6466
John L. Dart Library
9 a.m. - 7 p.m.
Phone: (843) 722-7550
Baxter-Patrick James Island
9 a.m. - 8 p.m.
Phone: (843) 795-6679
Main Library
9 a.m. - 8 p.m.
Phone: (843) 805-6930
Bees Ferry West Ashley Library
9 a.m. - 8 p.m.
Phone: (843) 805-6892
Mobile Library
9 a.m. - 5 p.m.
Phone: (843) 805-6909
Today's Hours
West Ashley Library
9 a.m. - 7 p.m.
Phone: (843) 766-6635
Folly Beach Library
Closed
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
Closed for renovations
Phone: (843) 883-3914
Wando Mount Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 805-6888
Village Library
9 a.m. - 1 p.m.
Phone: (843) 884-9741
St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
Phone: (843) 889-3300
Otranto Road Library
9 a.m. - 8 p.m.
Phone: (843) 572-4094
Mt. Pleasant Library
9 a.m. - 8 p.m.
Phone: (843) 849-6161
McClellanville Library
9 a.m. - 6 p.m.
Phone: (843) 887-3699
Keith Summey North Charleston Library
9 a.m. - 8 p.m.
Phone: (843) 744-2489
John's Island Library
9 a.m. - 8 p.m.
Phone: (843) 559-1945
Hurd/St. Andrews Library
9 a.m. - 8 p.m.
Phone: (843) 766-2546
Miss Jane's Building (Edisto Library Temporary Location)
2 p.m. – 6 p.m.
Phone: (843) 869-2355
Dorchester Road Library
9 a.m. - 8 p.m.
Phone: (843) 552-6466
John L. Dart Library
9 a.m. - 7 p.m.
Phone: (843) 722-7550
Baxter-Patrick James Island
9 a.m. - 8 p.m.
Phone: (843) 795-6679
Main Library
9 a.m. - 8 p.m.
Phone: (843) 805-6930
Bees Ferry West Ashley Library
9 a.m. - 8 p.m.
Phone: (843) 805-6892
Mobile Library
9 a.m. - 5 p.m.
Phone: (843) 805-6909
Patron Login
menu
Item request has been placed!
×
Item request cannot be made.
×
![loading](/sites/all/modules/hf_eds/images/loading.gif)
Factors influencing risk attitudes of entrepreneurs in Ghana: the role of gender.
Item request has been placed!
×
Item request cannot be made.
×
![loading](/sites/all/modules/hf_eds/images/loading.gif)
- Author(s): Asravor, Richard Kofi1 (AUTHOR) ; Acheampong, Vera1 (AUTHOR)
- Source:
Journal of Small Business & Entrepreneurship. 2024, Vol. 36 Issue 1, p29-52. 24p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: Motivated by the recent increases in entrepreneurship in developing countries, this empirical article aims at determining the risk preferences of male and female entrepreneurs using cross-sectional data from 161 MSMEs in Ghana, and the Arrow-Pratt risk model. A multiple linear regression was later employed to ascertain factors influencing entrepreneurs' attitudes toward risk. A decomposition of the risk attitude shows Ghanaian entrepreneurs to be generally risk averse. Upon further investigation, we find males to be more extreme risk averse than females, while females are more risk neutral than males. The gender difference in risk aversion is significantly explained by predictor variables, such as socio-economic factors, having access to funds, type of business operated, sector of operation, financial knowledge, and the cultural values of the entrepreneurs. We find a positive relationship between financial knowledge and attitude toward risk, and recommend the need for investment in both formal and informal education that increases the financial knowledge of entrepreneurs, hence, reduce the risk associated with entrepreneurship in Ghana. Theoretically, the article integrates cultural, financial knowledge, and religious variables into the determinant of risk attitude of male and female entrepreneurs and practically demonstrates that increasing the financial knowledge decreases the risk aversion nature of entrepreneurs. [ABSTRACT FROM AUTHOR]
- Abstract: Motivée par la récente augmentation de l'entrepreneuriat dans les pays en développement, cet article empirique vise à déterminer les préférences en matière de risque des entrepreneurs masculins et féminins en utilisant des données transversales provenant de 161 MPME au Ghana, et le modèle de risque Arrow-Pratt. Une régression linéaire a ensuite été utilisée pour déterminer les facteurs influençant l'attitude des entrepreneurs face au risque. Une décomposition de l'attitude à l'égard du risque montre que les entrepreneurs ghanéens sont généralement peu enclins à prendre des risques. Après une étude approfondie, nous constatons que les hommes ont une aversion au risque plus extrême que les femmes, tandis que les femmes sont plus neutres face au risque que les hommes. La différence entre les sexes dans l'aversion au risque est expliquée de manière significative par des variables prédictives, telles que les facteurs socio-économiques, l'accès aux fonds, le type d'entreprise exploitée, le secteur d'activité, les connaissances financières et les valeurs culturelles des entrepreneurs. Notre étude révèle une relation positive entre les connaissances financières et l'attitude face au risque, et nous recommandons d'investir dans l'éducation formelle et informelle afin d'accroître les connaissances financières des entrepreneurs, et par conséquent de réduire le risque associé à l'entrepreneuriat au Ghana. Théoriquement, l'article intègre les variables culturelles et religieuses, et les variables liées aux connaissances financières dans le déterminant de l'attitude à l'égard du risque des entrepreneurs masculins et féminins, et démontre de façon pratique, que l'augmentation des connaissances financières diminue la nature de l'aversion au risque des entrepreneurs. [ABSTRACT FROM AUTHOR]
Contact CCPL
Copyright 2022 Charleston County Public Library Powered By EBSCO Stacks 3.3.0 [350.3] | Staff Login
No Comments.