Inlämning av Examensarbete / Submission of Thesis

Desmond Dellor , pp. 74. MAM/Sektionen för Management, 2009.

The work

Författare / Author: Desmond Dellor
Titel / Title: Entrepreneurial Risk taking propensity and Performance: A case study of Owner-Managed companies in the Ghana Club 100.
Abstrakt Abstract:

Title: Entrepreneurial Risk taking propensity and Performance: A case study of Owner-Managed companies in the Ghana Club 100.

Author: Desmond Dellor

Supervisor: Anders Hederstierna

Department: School of Management, Blekinge Institute of Technology

Course: Master’s thesis in Business administration, 15 credits (ECTS).

Background and Problem Discussion: This study seeks to assess how successful are Owner- Managed Companies in the “Ghana Club100”. The broad question addressed by this study is whether Owners manage their businesses better or not and also to examine whether Owner Managers in aggregate exhibit decision biases in their investment decision making processes taking into account the risk bearing role of entrepreneurs.

Purpose: This research sought to investigate the risk aversion of Ghanaian entrepreneurs, whether or not they are biased in their investment decision making and to assess the performance of Owner- managed companies against their counterparts employed to manage for shareholders.

Method: The study employed both conceptual and empirical approach. That is theories and principles pertaining to the study were examined and steps were taken to establish factual evidence base on figures sought from respondents by the use of questionnaire. Primary and secondary data were used extensively for the study.

Theory: There was an extensive review of existing literature on the subject matter with careful consideration for concepts which clearly bring alive the understanding of entrepreneurship, risk taking propensity, performance and good corporate governance and makes linkages with empirical data.

Analysis: Both quantitative and qualitative measurements were employed in analyzing the data collected for the study. The quantitative analysis involved the use of descriptive statistics and qualitative analysis focused mostly on information derived from the interviews and questionnaire administered. The outcomes were used to test the hypotheses.

Conclusion: I found that Ghanaian Entrepreneurs have two types of risk: demand uncertainty and ability uncertainty. They display a significant amount of risk aversion to demand uncertainty but are very confident about their capabilities, in other words, they are “risk seeking” in respect of their ability uncertainty. Accordingly, whilst they are risk-averse in the classic sense of preferring a “certain return” to an uncertain investment with commensurate expected value, their over-confidence predisposes them to bear economic risk under a given set of conditions.
Key Words: Risk taking propensity, Overconfidence, Investment, Performance

Ämnesord / Subject: Företagsekonomi - Business Administration\Management Control
Företagsekonomi - Business Administration\Marketing
Företagsekonomi - Business Administration\Organization
Nyckelord / Keywords: Risk taking propensity, Overconfidence, Investment, Performance

Publication info

Dokument id / Document id:
Program:/ Programme Master of Business Administration (MBA)
Registreringsdatum / Date of registration: 06/30/2010
Uppsatstyp / Type of thesis: Magisterarbete/Master's Thesis (60 credits)


Handledare / Supervisor: Solberg Soilen Klaus
Examinator / Examiner: Anders Hederstierna
Organisation / Organisation: Blekinge Institute of Technology
Institution / School: MAM/Sektionen för Management
S-372 25 Ronneby
+46 455 38 50 00
Anmärkningar / Comments:

Desmond Dellor
P.O. Box CT 5360
Cantonments, Accra

Files & Access

Bifogad uppsats fil(er) / Files attached: final master's thesis desmond 0dellor .pdf (716 kB, öppnas i nytt fönster)