Additional References 

Managerial ability and risk tolerance

Rosen, Sherwin (1982): “Authority, control, and the distribution of earnings.” Bell Journal of Economics, 13(2):311-323.

Rosen, Harvey, and Paul Willen (2002): “Risk, return, and self-employment.” Working paper, Department of Economics, Princeton University.

Thompson, Peter (2007): "Entrepreneurs, Small Business Management, and Organized Labor. FIU working paper

Rigotti, Luca, Matthew Ryan and Rhema Vaithianathan (2005): “Tolerance of ambiguity and entrepreneurial innovation.” Working paper, Fuqua School of Business, Duke University.

Hopenhayn, Hugo A., and Galina Vereshchagina (2005): “Risk taking by entrepreneurs.” Working paper, UCLA.

Cramer, J.S., J. Hartog, N. Jonker, C.M. Van Praag (2002): "Low risk aversion encourages the choice for entrepreneurship. An empirical test of a truism." Journal of Economic Behavior and Organization, 48(1):29-36.

Brockhaus, R. (1980): "Risk-taking propensity of entrepreneurs." Academy of Management Journal, 23(3):509-520.

Wu, Brian, and Anne-Marie Knott (2006):" Entrepreneurial risk and market entry." Management Science, 52(9):1315-1330.

Busenitz, L.W. (1999): "Entrepreneurial risk and strategic decision making: It's a matter of perspective." Journal of Applied Behavioral Science, 35(3):325-340.