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In a model that is consistent with the existence of a home bias and with foreign investors that are less informed than domestic investors, we show that unexpectedly high worldwide returns lead to net equity inflows into small countries. In addition, a small country experiences net equity inflows...
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opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative … indicate that the returns to a year of education for opportunity entrepreneurs are 3.5 percentage points higher than the paid … employees' rate of 8.1%, but 6.5 percentage points lower for necessity entrepreneurs. -- returns to education ; opportunity …
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entrepreneurs are 'rooted' in place. This paper tests the 'residential rootedness'-hypothesis of self-employment by examining for …
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