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The impact of risk attitudes on entrepreneurial survival

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2008

Risk attitudes have an impact on not only the decision to become an entrepreneur but also the survival and failure rates of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk attitudes and the decision to become an entrepreneur,...

Persistent link: https://www.econbiz.de/10010265015

The private equity premium puzzle revisited: new evidence on the role of heterogeneous risk attitudes

Fossen, Frank M. - 2008

The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...

Persistent link: https://www.econbiz.de/10010271074

Precautionary and entrepreneurial saving: new evidence from German households

Fossen, Frank M.; Rostam-Afschar, Davud - 2009

The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...

Persistent link: https://www.econbiz.de/10010271125

Gender differences in entrepreneurial choice and risk aversion: a decomposition based on a microeconometric model

Fossen, Frank M. - 2009

Why are female entrepreneurs so rare? Women have both to a lower entry rate into selfemployment and a higher exit rate in Germany. To explain the gender gap, a structural microeconometric model of the transition rates is estimated, which includes a standard risk aversion parameter. As inputs...

Persistent link: https://www.econbiz.de/10010271131

Risky earnings, taxation and entrepreneurial choice: a microeconometric model for Germany

Fossen, Frank M. - 2007

Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I...

Persistent link: https://www.econbiz.de/10010273789

Would a flat tax stimulate entrepreneurship in Germany? A behavioural microsimulation analysis allowing for risk

Fossen, Frank M. - 2008

When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex …

Persistent link: https://www.econbiz.de/10010324255

The State of American Entrepreneurship : New Estimates of the Quantity and Quality of Entrepreneurship for 15 US States, 1988-2014

Guzman, Jorge - 2016

entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this paper offers new evidence to inform this debate by estimating … simultaneously account for both the quantity as well as the quality of entrepreneurship: the Entrepreneurial Quality Index (EQI …, measuring the average quality level among a group of start-ups within a given cohort), the Regional Entrepreneurship Cohort …

Persistent link: https://www.econbiz.de/10012456579

The 2021 Paycheck Protection Program Reboot : Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities

Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2022

Was the $278 billion reboot of the $800 billion Paycheck Protection Program (PPP) in early 2021 disbursed equitably to minority communities? This paper provides the first analysis of how PPP funds were disbursed to minority communities in the third and final round of the program, which was...

Persistent link: https://www.econbiz.de/10012938701

How is COVID Changing the Geography of Entrepreneurship? Evidence from the Startup Cartography Project

Fazio, Catherine E.; Guzman, Jorge; Liu, Yupeng; Stern, … - National Bureau of Economic Research - 2021

changing nature and geography of entrepreneurship in the wake of the COVID pandemic. Consistent with other data sources …

Persistent link: https://www.econbiz.de/10012533336

Entrepreneurial spillovers over space and time

Fossen, Frank M.; Martin, Thorsten - 2016

Entrepreneurship is a local and dynamic phenomenon. We jointly investigate spatial spillovers and time persistence of … persistence of start-up activity, especially in the high-tech industry. This indicates that entrepreneurship is deeply rooted in … regions and underlines the importance of local entrepreneurship culture for new business formation. …

Persistent link: https://www.econbiz.de/10011560384