A Risky Way of Doing Good – Combining Personality and Cognitive Variables in a New Hierarchical Model of Investment Risk-taking in Social Entrepreneurship. Issue 3 (3rd July 2022)

• Record Type: Journal Article
• Authors: Chipeta, Eleanor Meda; Kruse, Philipp; Venter, Robert
• Is Part Of: Journal of African business. Volume 23:Issue 3(2022)
• Page Start: 775
• Page End: 793
• Publication Date: 2022-07-03
• Subjects: Social entrepreneurship -- investment risk-taking -- reductive bias -- gender differences; Africa -- Commerce -- Periodicals; Africa -- Economic conditions -- Periodicals; 338.96
• DOI: 10.1080/15228916.2021.1907157
• Languages: English
• ISSNs: 1522-8916

Abstract

ABSTRACT: Social entrepreneurship (SE) combines the aspirations to create financial and social values. However, an SE-career is also considered risky and susceptible to failure. Despite a growing body of research examining the motivation of social entrepreneurs, studies on antecedents of investment risk-taking in SE are rare. The current study aims at crafting and empirically testing a hierarchical model comprising personality and cognitive antecedents of SE investment risk-taking. Using structural equation modeling and a sample of 411 business students, we find several direct effects of cognitive and indirect effects of personality variables. SE-scholars and educators should pay attention to this complex interplay in future studies and SE-courses.