"How patient are entrepreneurs?" by Mohammed Khayum, Joy Peluchette et al.

Faculty of Commerce - Papers (Archive)

Title

How patient are entrepreneurs?

Authors

Mohammed Khayum, University of Southern Indiana
Joy Peluchette, University of WollongongFollow
William Wilding, University of Southern Indiana

Document Type

Conference Paper

Publication Details

Khayum, M., Peluchette, J. & Wilding, W. (2005). How patient are entrepreneurs?. Proceedings - 2005 Midwest Business Economics Association (pp. 185-191). Chicago, Illinois: Midwest Business & Economics Association.

Abstract

This paper investigates the time preferences of entrepreneurs using U.S. cross section data from the 2001 Survey of Consumer Finances. The findings indicate that there is a statistically significant relationship between the rate of time preference of entrepreneurs and their age, years of education, and their degree of risk aversion. No statistically significant relationship was found between the rate of time preference of entrepreneurs and their networth and being female.