We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates the … commercial value. Our findings support the notion that entrepreneurship can be learned. …

externalities in explaining variation in innovation rates across firms. More specifically, we combine micro-data and census data to … estimate the probability that a firm will introduce a goods, service or process innovation. We consider internal firm … agglomeration variables are only significant for a few specific sectors, and even then only for some types of innovation. Accepted …

while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of … models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present … paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship …

, which only holds in the long-term but not in the short-term. Further, we find support for a moderating effect of innovation … in the long-term, innovation mediates the ESP-CFP relationship suggesting that innovation should be considered as a long …

-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …

countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … ownership. This surprisingfinding suggests that a personal trait (risk aversion) and its related cultural characteristic … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …

entrepreneurship experience (IEE), an unconventional form of human capital, is related to the performance and motivation of …