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...

Individual decision-making is naturally subjected to various micro and macroeconomic policies of the government. Choice of schooling by an individual is also affected by such public policies. We show that the distribution of individuals in a scale of risk aversion, ex post, is strongly...

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be...

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...

The aim of this research study is to test an integrative model of entrepreneurial opportunity recognition based on theories of cognition, social capital, environmental development and personality.240 entrepreneurs in the services industry participated in this survey. Multiple regression analysis...

This research focuses on understanding barriers to indigenous enterprise development (IED) on inalienable and communal land in the Northern Territory (NT) of Australia. A total of 56 face-to-face interviews were conducted with experts or opinion leaders on IED in the region. The barriers...

This study examines the relationship between the success of businesses owned by ethnic minority immigrants in Canada and measures of their prior employment status in their homelands, their co-ethnic involvement in Canada and their educational level. Our findings show that while they were mainly...