Universitatea din Bucuresti, Facultatea de Administratie si Afaceri

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Double Blind Review Evaluation

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ISSN-L 1453-0503
ISSN (e) 2286-170X
ISSN (p) 1453-0503

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Risk taking and income inequality

 

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  1. Authors:
      • Ph. D. Candidate IonuĊ£ Constantin, Afiliation: Faculty of Administration and Business, University of Bucharest, Romania

    Pages:
      • 44|52

  2. Keywords: entrepreneurship, risk taking, flexibility, adaptability

  3. Abstract:
    Individuals in a society often have different degrees of aversion about risk. When individuals with equal skills take risky activities with a high potential for profit, such as the establishment of a large business, some associations fail, others not. The presence of successful and unsuccessful collaborations in a society results in economic inequality, even when all individuals are identical in terms of level and field of education, the decisive factor is taking calculated risks or not. I will present in this paper the results of a study that I conducted in March 2014 related to influence of taking risks involved in opening a business as well as flexibility and adaptability on labor market.

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