Lammers, Judith; Willebrands, Daan; Hartog, Joop - 2010
This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … has a negative or no effect. Education, age, being male, and firm size are all positively related to profit, while young …