Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … suggests possible future research avenues. Key insights from the literature are that entrepreneurs may operate in imperfect … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …

rates of entrepreneurs. Whereas recent research underpins the theoretical proposition of a positive correlation between risk … entrepreneurs. The empirical results confirm that persons whose risk attitudes are in the medium range survive significantly longer … as entrepreneurs than do persons with particularly low or high risks. …

women. …

The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this …

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 … people from choosing self-employment. This is explained by the reduction of entrepreneurs' income risk through progressive …

Germany, the top marginal income tax rates were reduced exclusively for entrepreneurs in 1994 and 1999/2000. These tax reforms …, the tax rate reductions did not apply to freelance professionals (Freiberufler), and second, entrepreneurs with earnings …

precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs … private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that … this is not due to precautionary motives. Entrepreneurs may rather save for old age, as they are usually not covered by …

behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and … reciprocity influence the exit probability of entrepreneurs; and iii) willingness to trust and to act reciprocally influences the … entrepreneurial development. Interestingly, entrepreneurs are more trustful than employees, but much less trustful than managers. …

one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …