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Opportunity Versus Necessity Entrepreneurship : Two Components of Business Creation

Fairlie, Robert W. - 2018

A common finding in the entrepreneurship literature is that business creation increases in recessions. This counter …-cyclical pattern is examined by separating business creation into two components: "opportunity" and "necessity" entrepreneurship … entrepreneurship, there are many challenges to creating a definition that is both objective and empirically feasible. We propose an …

Persistent link: https://www.econbiz.de/10012929104

Personal Bankruptcy Law, Wealth and Entrepreneurship : Theory and Evidence from the Introduction of a 'Fresh Start'

Fossen, Frank M. - 2011

, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more … entrepreneurship …

Persistent link: https://www.econbiz.de/10013130785

Trust, Positive Reciprocity, and Negative Reciprocity : Do These Traits Impact Entrepreneurial Dynamics?

Caliendo, Marco - 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/10013134986

The Returns to Education for Opportunity Entrepreneurs, Necessity Entrepreneurs, and Paid Employees

Fossen, Frank M. - 2012

We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...

Persistent link: https://www.econbiz.de/10013099751

2d : 4d and Self-Employment Using SOEP Data: A Replication Study

Fossen, Frank M. - 2020

The 2D:4D digit ratio, the ratio of the length of the 2nd digit to the length of the 4th digit, is often considered a proxy for testosterone exposure in utero. A recent study by Nicolaou et al. (2018) reported an association between the lefthand 2D:4D and self-employment (in a sample of about...

Persistent link: https://www.econbiz.de/10012835274

Were Small Businesses More Likely to Permanently Close in the Pandemic?

Fairlie, Robert W.; Fossen, Frank M.; Johnsen, Reid; … - 2022

Previous estimates indicate that COVID-19 led to a large drop in the number of operating businesses operating early in the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small businesses were disproportionately hit. This paper...

Persistent link: https://www.econbiz.de/10013403602

Income Taxes and Entrepreneurial Choice : Empirical Evidence from Germany

Fossen, Frank M. - 2007

Entrepreneurial activity is often regarded as an engine for economic growth and job creation. Through tax policy, governments possess a potential lever to influence the decisions of economic agents to start and close small businesses. In Germany, the top marginal income tax rates were reduced...

Persistent link: https://www.econbiz.de/10012778434

Risk Attitudes of Nascent Entrepreneurs : New Evidence from an Experimentally-Validated Survey

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander - 2021

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/10013317560

The Impact of Risk Attitudes on Entrepreneurial Survival

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander - 2021

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/10013325130