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This paper systematically investigates whether different kinds of personality characteristics influence entrepreneurial development. On the basis of a large, representative household panel survey, we examine the extent to which the Big Five traits and further personality characteristics, which...
Persistent link: https://www.econbiz.de/10013128222
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially...
Persistent link: https://www.econbiz.de/10013129940
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...
Persistent link: https://www.econbiz.de/10013130785
willingness to trust other people influences the probability of starting a business; ii) trust, positive reciprocity, and negative … probability of being an entrepreneur versus an employee or a manager. Our findings reveal that, in particular, trust impacts …
Persistent link: https://www.econbiz.de/10013134986
– such as fear of failure in starting a business venture, whether individuals expect that good opportunities are likely to … have a positive and significant impact on business creation, Natural Disasters have a positive and negative impact on … extreme events on perception variables such as Fear of Failure, Expected Business Opportunities, and Expected Level of …
Persistent link: https://www.econbiz.de/10013135192
of work reduces the chances of being an entrepreneur by 0.2-0.3 percent. This result holds after controlling for regional …
Persistent link: https://www.econbiz.de/10013139697
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated the impacts both of risk aversion and balanced skills...
Persistent link: https://www.econbiz.de/10013117187
Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...
Persistent link: https://www.econbiz.de/10013117196
Using a large representative German data set and various concepts of self-employment, this paper tests the "jack-of-all-trades" view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self-employed individuals perform more tasks and that their work...
Persistent link: https://www.econbiz.de/10013117831
Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is …
Persistent link: https://www.econbiz.de/10013118276