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the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship …
Persistent link: https://www.econbiz.de/10013117187
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10013086658
inequality in the household. We find no evidence of non-pecuniary benefits or costs of co-entrepreneurship …
Persistent link: https://www.econbiz.de/10013053533
Both organizational and sociological approaches in entrepreneurship research highlight the importance of social context … in shaping individual preferences for entrepreneurship. An influential contextual factor that has not been studied in … entrepreneurship research is one's boss at work. Do entrepreneurial bosses contribute to their employees' decisions to become …
Persistent link: https://www.econbiz.de/10012985657
The founder (team)'s human capital is a vital determinant of future firm performance. This is a stylized fact. Less is known about the effect of the human capital of the initial workforce hired by the founder(s). We study the performance consequences of a founder's choice of the initial...
Persistent link: https://www.econbiz.de/10012992732
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10013087867
The aim of this study is to analyze the effectiveness of early entrepreneurship education. To this end, we conduct a … randomized field experiment to evaluate a leading entrepreneurship education program that is taught worldwide in the final grade …
Persistent link: https://www.econbiz.de/10013106956
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10013158681
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012928500
Promoting entrepreneurship has become an increasingly important part of the policy agenda in many countries. The … success of such policies, however, rests in part on the assumption that entrepreneurship outcomes are not fully determined at … background and neighborhood effects as determinants of entrepreneurship, by estimating sibling correlations in entrepreneurship …
Persistent link: https://www.econbiz.de/10012980346