Risk Attitudes and Self-employment in China  

作　　者：Feng Hu 

机构地区：[1]Dongling School of Economics and Management,University of Science and Technology Beijing

出　　处：《China & World Economy》2014年第3期101-120,共20页中国与世界经济（英文版）

基　　金：financed by the National Natural Science Foundation of China(Grant Nos.71003005,71133003 and 71373002)

摘　　要：Using the 2006 wave of the Chinese General Social Survey, the present paper examines the effect of risk attitudes on the likelihood of entrepreneurship in China. Our results show that risk attitudes have a nonlinear effect on the likelihood of being entrepreneurs. Risk neutral people are most likely to be entrepreneurs, while both risk averse and risk seeking people prefer to work for wages. When we further divide entrepreneurs into necessity and opportunity entrepreneurs, we find only a marginal difference in risk attitudes between wage workers and necessity entrepreneurs, while less risk averse individuals tend to be opportunity entrepreneurs. Our results have important poliey implications for the government ＂s efforts to promote entrepreneurial activities.Using the 2006 wave of the Chinese General Social Survey, the present paper examines the effect of risk attitudes on the likelihood of entrepreneurship in China. Our results show that risk attitudes have a nonlinear effect on the likelihood of being entrepreneurs. Risk neutral people are most likely to be entrepreneurs, while both risk averse and risk seeking people prefer to work for wages. When we further divide entrepreneurs into necessity and opportunity entrepreneurs, we find only a marginal difference in risk attitudes between wage workers and necessity entrepreneurs, while less risk averse individuals tend to be opportunity entrepreneurs. Our results have important poliey implications for the government ＂s efforts to promote entrepreneurial activities.

关 键 词：China ENTREPRENEURSHIP risk attitude SELF-EMPLOYMENT 

分 类 号：F279.2[经济管理—企业管理]