Attitude toward risk and risk-taking behavior of business-owning families
Document Type
Article
Date of Original Version
1-1-2001
Abstract
Using data from the 1995 Survey of Consumer Finances, this study found that family business owners are more risk tolerant than nonowners. Among family business owners, age, race, net worth, and the number of employees in the business affect risk-taking attitudes and behavior. In addition, the following factors are associated with risk-taking behaviors: number of years of ownership, gross sales, who started the business, and sole proprietorship. Education influences risk-taking attitudes. Copyright 2001 by The American Council on Consumer Interests.
Publication Title, e.g., Journal
Journal of Consumer Affairs
Volume
35
Issue
2
Citation/Publisher Attribution
Xiao, Jing Jian, M. J. Alhabeeb, Gong Soog Hong, and George W. Haynes. "Attitude toward risk and risk-taking behavior of business-owning families." Journal of Consumer Affairs 35, 2 (2001): 307-325. doi: 10.1111/j.1745-6606.2001.tb00116.x.