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Executive compensation : the view from general equilibrium
Danthine, Jean-Pierre; Donaldson, John B. - 2007
Persistent link: https://www.econbiz.de/10003593051
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Executive compensation: the view from general equilibrium
Danthine, Jean-Pierre; Donaldson, John B. - 2007
Persistent link: https://www.econbiz.de/10003596280
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Executive compensation : the view from general equilibrium
Danthine, Jean-Pierre (contributor);  … - 2007
We study the dynamic general equilibrium of an economy where risk averse shareholders delegate the management of the firm to risk averse managers. The optimal contract has two main components: an incentive component corresponding to a non-tradable equity position and a variable 'salary'...
Persistent link: https://www.econbiz.de/10003550864
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The impact of risk aversion, role models, and the regional milieu on the transition from unemployment to self-employment : empirical evidence for Germany
Wagner, Joachim - 2002
The focus of this paper is on the choice of the unemployed between becoming an entrepreneur or not. It contributes to the literature by empirically investigating two hitherto neglected issues: What is the impact of risk aversion and personal contact with a role model in shaping the decision to...
Persistent link: https://www.econbiz.de/10011410741
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Would a flat tax stimulate entrepreneurship in Germany? : a behavioural microsimulation analysis allowing for risk
Fossen, Frank M. (contributor) - 2008
When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex … taxation. -- Entrepreneurship ; income taxation, risk ; tax reform 2000 ; flat tax …
Persistent link: https://www.econbiz.de/10003725962
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Gender differences in entrepreneurial choice and risk aversion : a decomposition based on a microeconometric model
Fossen, Frank M. - 2009
rate, but only a small part of their lower entry rate. -- Entrepreneurship ; self-employment ; risk aversion ; gender …
Persistent link: https://www.econbiz.de/10003889522
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Risk attitudes of nascent entrepreneurs : new evidence from 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 being an entrepreneur means making risky decisions in uncertain environments; hence more risk-averse individuals are less likely to...
Persistent link: https://www.econbiz.de/10003376328
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Entrepreneurship and risk aversion
Kan, Kamhon (contributor); Tsai, Wei-der (contributor) - 2005
Persistent link: https://www.econbiz.de/10003154906
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The impact of risk aversion, role models, and the regional milieu on the transition from unemployment to self-emloyment : empirical evidence for Germany
Wagner, Joachim - 2002
The focus of this paper is on the choice of the unemployed between becoming an entrepreneur or not. It contributes to the literature by empirically investigating two hitherto neglected issues: What is the impact of risk aversion and personal contact with a role model in shaping the decision to...
Persistent link: https://www.econbiz.de/10013357710