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Portfolio Entrepreneurs: The role of risk

Malfense Fierro, Antonio; Rosa, Peter


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Dr Antonio Malfense Fierro
Senior Lecturer in Entrepreneurship and Innovation (Programme Leader for BA Business Management with Entrepreneurship (2018 onwards). Knowledge Exchange lead for Hull University Business School 2021 onwards

Peter Rosa


David Lingelbach


Financial portfolio theory suggests that diversifying through establishing a group of businesses may be an important mechanism to manage and spread risk, but empirical entrepreneurship research on portfolio entrepreneurship has failed to adequately identify how this relates to entrepreneurs’ actual behaviour.
This chapter evaluates the current literature and suggest a future research agenda for exploring the interplay or risk and portfolio entrepreneurship.


Malfense Fierro, A., & Rosa, P. (2022). Portfolio Entrepreneurs: The role of risk. In D. Lingelbach (Ed.), De Gruyter Handbook of Entrepreneurial Finance (75-85). Berlin: De Gruyter.

Acceptance Date Mar 1, 2022
Online Publication Date May 9, 2022
Publication Date May 23, 2022
Deposit Date May 4, 2022
Publicly Available Date May 10, 2023
Publisher De Gruyter
Pages 75-85
Series Title De Gruyter Handbooks in Business, Economics and Finance
Series ISSN 2748-016X; 2748-0178
Book Title De Gruyter Handbook of Entrepreneurial Finance
Chapter Number 4
ISBN 9783110726756
Keywords risk, portfolio entrepreneurship, business groups, diversification, opportunity, uncertainty
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This file is under embargo until May 10, 2023 due to copyright reasons.

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