A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but … perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage … return on assets. The results are similar using personal leverage as risk tolerance proxy. We consider alternative …

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional …-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch …

In this paper we explore the relationship between the individual decision to become an entrepreneur and the …

This paper compares the impact of institutions on individual decisions to become entrepreneurs in the form of new … both high aspiration and low aspiration entrepreneurship. We also find that women benefit more from the larger informal …

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across … grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001 …

. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity …

of uncertainty and of rationing efficiency. We show that regulatory uncertainty does not diminish the rationale for … intervention, but may require a low minimum wage that may not bind. With expected earnings-maximization, greater uncertainty widens …

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by … strongly and robustly negatively associated with higher uncertainty, with a two standard deviation increase in uncertainty …

retrenched almost completely by mid 2021. Third, Categorical Policy Uncertainty Indexes highlight the changing sources of … uncertainty from healthcare and fiscal policy uncertainty in spring 2020 to elevated uncertainty around monetary policy and …We examine several measures of uncertainty to make five points. First, equity market traders and executives at …