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Underdiversification in Private Companies: Required Returns and Incentive Effects
Müller, Elisabeth - 2004
Owners of private companies are often highly underdiversified which exposes them to idiosyncratic risk. We investigate the consequences of underdiversification at the company level. Information on US companies and their owners is obtained from the Survey of Consumer Finances and the Survey of...
Persistent link: https://www.econbiz.de/10010297370
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Young, open and international: the impact of search strategies on the internationalization of new ventures
Zimmermann, Jörg; Grimpe, Christoph; Sofka, Wolfgang - 2009
Young firms with the ability to internationalize early and decisively have received much attention in recent academic discussion. However, relatively little is known about the underlying processes that enable them to skip several stages of the internationalization process. We contribute to this...
Persistent link: https://www.econbiz.de/10010298789
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Does interdisciplinarity lead to higher employment growth of academic spinoffs?
Müller, Bettina - 2009
Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team...
Persistent link: https://www.econbiz.de/10010299836
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Entrepreneurs from low-skilled immigrant groups in knowledge-intensive industries - company characteristics, survival and innovative performance
Mueller, Elisabeth - 2011
This paper analyzes how companies of immigrant entrepreneurs in knowledgeintensive industries differ from companies of native entrepreneurs with respect to start-up characteristics, firm survival and innovative performance. I focus on immigrants from the 'recruitment countries' of south and...
Persistent link: https://www.econbiz.de/10010304654
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Risk, Balanced Skills and Entrepreneurship
Hsieh, Chihmao - 2011
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
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Are the Self-Employed Really Jacks-of-All-Trades? Testing the Assumptions and Implications of Lazear's Theory of Entrepreneurship with German Data
Lechmann, Daniel S. J. - 2011
-of-all-trades" view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self …
Persistent link: https://www.econbiz.de/10013117831
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Transitions to Entrepreneurship and Industry-Specific Barriers
Lofstrom, Magnus - 2011
enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses … of transitions to entrepreneurship generates misleading findings about the determinants of entrepreneurship …
Persistent link: https://www.econbiz.de/10013118276
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Migrant Entrepreneurs and Credit Constraints Under Labour Market Discrimination
Frijters, Paul - 2011
entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and …
Persistent link: https://www.econbiz.de/10013120403
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Entrepreneurship : Cause or Consequence of Financial Optimism?
Dawson, Christopher J. - 2012
psychological disposition and environmental factors, as theory requires if optimism is to be a causal influence on entrepreneurship …
Persistent link: https://www.econbiz.de/10013099728
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Risk Tolerance and Entrepreneurship
Hvide, Hans K. - 2013
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