The Open UniversitySkip to content
 

Self-efficacy and attitude to risk in the home-based self-employed: A longitudinal exploration

Daniel, Elizabeth and Owen, Robyn (2017). Self-efficacy and attitude to risk in the home-based self-employed: A longitudinal exploration. In: Institute for Small Business and Entrepreneurship Conference, 8-9 Nov 2017, Belfast.

Full text available as:
[img]
Preview
PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (238kB) | Preview
URL: http://isbe.org.uk/isbe2017/proceedings/
Google Scholar: Look up in Google Scholar

Abstract

Topic
Despite their economic and social contribution of home-based self-employment, the individuals who pursue this route to self-employment are often accorded less attention and respect than other forms of self-employment, being referred to in pejorative terms such as ‘lifestyle entrepreneurs’. They are considered to lack confidence in themselves or their business, termed self-efficacy, and are risk averse, leading them to start a home-based business.

Aim
This study compares the self-efficacy and risk tolerance of home-based self-employed with others that are self-employed but who work at other locations, such as in dedicated commercial premises.

Methodology
Quantitative data are drawn from the large scale, longitudinal social studies database, Understanding Society. Variables at both the individual and household level, which is particularly important for home-based self-employment, are subject to multivariate analysis, allowing the intersectionality of variables to be explored.

Contribution
The study finds no difference between the self-efficacy and risk tolerance of the home-based self-employed and those based in other locations. However, it finds significant differences between the groups in personal, household and employment variables. The null finding is viewed as an exoneration of home-based self-employed, suggesting their choice to base their business at home is not a response to a lack of confidence or aversion to risk, but a rational choice based on their personal, household and employment circumstances.

Item Type: Conference or Workshop Item
ISBN: 1-900862-30-1, 978-1-900862-30-1
Keywords: self-efficacy; home-based business; entrepreneurship
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Strategy and Marketing
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 53705
Depositing User: Elizabeth Daniel
Date Deposited: 07 Mar 2018 10:20
Last Modified: 13 May 2019 16:16
URI: http://oro.open.ac.uk/id/eprint/53705
Share this page:

Download history for this item

These details should be considered as only a guide to the number of downloads performed manually. Algorithmic methods have been applied in an attempt to remove automated downloads from the displayed statistics but no guarantee can be made as to the accuracy of the figures.

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU