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Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large ‘lab-in-the-field’ experiment comparing entrepreneurs to managers – a suitable comparison group – and …
Persistent link: https://www.econbiz.de/10011255528
positive for would-be entrepreneurs, in contrast to correlations in the data or uninstrumented estimates. Using firm data, we … also investigate how the newly insurance-induced entrepreneurs fare relative to their uninsured peers. Results suggest that …
Persistent link: https://www.econbiz.de/10011255609
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …
Persistent link: https://www.econbiz.de/10011256235
intentions. However, empirical research aimed at establishing the importance of role models for (nascent) entrepreneurs is scarce … completed by a representative sample of 292 entrepreneurs in three major Dutch cities - entrepreneurs who have recently started …
Persistent link: https://www.econbiz.de/10011256337
in a significant way. Theapplications we consider are: the entrepreneur’s choice of flexibility in the initial mix …
Persistent link: https://www.econbiz.de/10011249540
Legislation affects corporate governance and the return to human and financial capital. We allow the preference of a political majority to determine both the governance structure and the extent of labor rents. In a society where median voters have relatively more at stake in the form of human...
Persistent link: https://www.econbiz.de/10011255512
We analyze a publicly-traded firm's decision to stay public or go private when managerial autonomy from shareholder intervention affects the supply of productive inputs by management. We show that both the advantage and the disadvantage of public ownership relative to private ownership lie in...
Persistent link: https://www.econbiz.de/10011256406
We estimate the incremental financing decision for a sample of some 150Dutch companies for the years 1984 through 1997, thereby distinguishinginternal finance and three types of external finance: bank borrowing, bondissues and share issues. First, we estimate a multinomial logit model...
Persistent link: https://www.econbiz.de/10011256803
This discussion paper resulted in an article in <I>Management Science</I>. Volume 59 issue 7, pages 1514-1528.<P> This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business...</p></i>
Persistent link: https://www.econbiz.de/10011272579
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … framework linking new business creation with an entrepreneur’s skill variety. Second, in this model we allow for both … entrepreneurs with more varied work experience are more likely to introduce innovations that have not only technical, but also …
Persistent link: https://www.econbiz.de/10011272604