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Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
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We estimate the effects of income from various sources on charitable giving using administrative German income tax data … remaining income sources. 2) An entrepreneurship researcher would conclude that business owners are more generous than employees …
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In western industrialized countries men are on average more than twice as active in entrepreneurship as women. Based on … data from a recent representative survey of the adult population in Germany this paper uses an empirical model for the …
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