engleski

Personal Characteristics as Determinants of Risk Propensity of Business Economics Students - An Empirical Study

Studies have shown that the behaviour of managers under risk and uncertainty is an important factor that influences a company's performance. More precisely, it is considered that more successful companies are those that are run by managers who are prone to risk. There are numerous studies focused on understanding risk and risk preference. Some of these studies considered individuals' willingness to undertake risk in different risky situations. In that sense, particularly interesting studies are those which attempted to determine the individuals' risk propensity and tried to answer what influences that propensity. In order to assess a propensity and behaviour under conditions of risk and uncertainty for the first and second year students of business economics, an analysis based on questionnaires with standardized questions known as Risk in basket and Choice dilemma has been conducted. The aim of the research was to determine the risk preference of the student population in relation to certain personal characteristics such as gender, family income and individuals’ self-perception as a risk loving/averse/neutral person.

risk propensity; students

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