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Risk attitudes of nascent entrepreneurs : new evidence from an experimentally-validated survey
Caliendo, Marco (contributor); Fossen, Frank M. (contributor) - 2006
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that the role model of an entrepreneur requires to make risky decisions in uncertain environments and hence that more risk-averse...
Persistent link: https://www.econbiz.de/10003333112
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“I want to, but I also need to” : start-ups resulting from opportunity and necessity
Caliendo, Marco; Kritikos, Alexander - 2009
When unemployed persons go into business, they often are characterized as necessity entrepreneurs, because push factors, namely their unemployment, likely prompted their decision. In contrast to this, business founders who have been previously employed represent opportunity entrepreneurs because...
Persistent link: https://www.econbiz.de/10003932123
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Is entrepreneurial success predictable? : An ex-ante analysis of the character-based approach
Caliendo, Marco (contributor);  … - 2007
This paper empirically analyzes whether the character-based approach, which is based on the personality structure and the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting of 414 previously unemployed persons whose personal...
Persistent link: https://www.econbiz.de/10003540253
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Die reformierte Gründungsförderung für Arbeitslose : Chancen und Risiken
Caliendo, Marco (contributor);  … - 2007
Support schemes for unemployed aiming for self-employment have been recently reformed several times. In 2003, the "start-up subsidyʺ was added to the existing "bridging allowanceʺ. In 2006 both instruments were merged to the "Gründungszuschussʺ. Since the bridging allowance has been...
Persistent link: https://www.econbiz.de/10003561659
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Who starts a business and who is self-employed in Germany
Fritsch, Michael; Kritikos, Alexander; Rusakova, Alina - 2012
entrepreneurship in Germany between 1991 and 2010, the first two decades after reunification. We investigate the socioeconomic … increase in self-employment in Germany by 40 percent which can partly be attributed to the transformation process of East … Germany and to the shift to the service sector. We notice a yearly start-up rate of 1 percent among the working population …
Persistent link: https://www.econbiz.de/10009530761
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Trust, positive reciprocity, and negative reciprocity : do these traits impact entrepreneurial dynamics?
Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander - 2010
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...
Persistent link: https://www.econbiz.de/10009312883
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Business cycles, unemployment and entrepreneurial entry : evidence from Germany
Fritsch, Michael; Kritikos, Alexander; Pijnenburg, Katharina - 2013
what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany …
Persistent link: https://www.econbiz.de/10010229512
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Why did self-employment increase so strongly in Germany?
Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2015
Germany experienced a unique rise in the level of self-employment in the first two decades following unification … employees and the overall level of self-employment in West Germany, their explanatory power is much lower for the stronger … increase of solo self-employment and of self-employment in former socialist East Germany. …
Persistent link: https://www.econbiz.de/10010473186
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Do entrepreneurs really earn less?
Sorgner, Alina; Fritsch, Michael; Kritikos, Alexander - 2014
Based on representative micro data for Germany, we compare the incomes of self-employed with those of wage workers. Our …
Persistent link: https://www.econbiz.de/10010438895
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Funding self-employment : the role of consumer credit
Kneiding, Christoph; Kritikos, Alexander - 2011
This paper investigates whether self-employed households use consumer loans - in particular instalment loans and overdrafts - to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal overdrafts...
Persistent link: https://www.econbiz.de/10009517869