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Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Instituut - 2011

-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …

Persistent link: https://www.econbiz.de/10011255496

Jeremy Bentham and Adam Smith on the usury laws: a 'Smithian' reply to Bentham and a new problem

Hollander, Samuel - In: The European Journal of the History of Economic Thought 6 (1999) 4, pp. 523-551

Adam Smith justified the contemporary usury laws and was severely criticised by Bentham and most modern writers with the important exception of J.M. Keynes. We argue that pace Bentham, Smith did not intend to preclude loan financing of all 'risky' ventures and give a 'monopoly' to safe...

Persistent link: https://www.econbiz.de/10009219729

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; van Praag, Mirjam - Institute for the Study of Labor (IZA) - 2011

the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship. …

Persistent link: https://www.econbiz.de/10009395440

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2011

Persistent link: https://www.econbiz.de/10009399735

Behavioural economics and entrepreneurial decision making: two tax measures to help

Schwartz, Hugh - In: Global Business and Economics Review 9 (2007) 2/3, pp. 202-210

Empirical findings of the behaviour of small firms in several countries and of large firms in two countries, indicate that risk taking by some businesses differs from that indicated by the Prospect Theory. Enterprises headed by entrepreneurs are more risk-taking/risk-neutral in the area of...

Persistent link: https://www.econbiz.de/10010668991

Barriers to indigenous enterprise development on communally owned land

Nikolakis, William - In: Global Business and Economics Review 12 (2010) 1/2, pp. 85-99

This research focuses on understanding barriers to indigenous enterprise development (IED) on inalienable and communal land in the Northern Territory (NT) of Australia. A total of 56 face-to-face interviews were conducted with experts or opinion leaders on IED in the region. The barriers...

Persistent link: https://www.econbiz.de/10010669050

Relative Wealth Concerns and Entrepreneurship

Atolia, Manoj; Prasad, Kislaya - Department of Economics, Florida State University - 2007

We develop a model of occupational choice and entrepreneurship in the presence of relative wealth concerns. A concern … entrepreneurial returns are not diversifiable, which results in less entrepreneurship than would be the case with complete markets …. Relative wealth concerns are shown to lead to an increase in entrepreneurship and risk-taking, mitigating this difficulty …

Persistent link: https://www.econbiz.de/10005800114

Risky Earnings, Taxation and Entrepreneurial Choice: A Microeconometric Model for Germany

Fossen, Frank M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I...

Persistent link: https://www.econbiz.de/10005068790

Would a Flat Tax Stimulate Entrepreneurship in Germany?: A Behavioural Microsimulation Analysis Allowing for Risk

Fossen, Frank M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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 …

Persistent link: https://www.econbiz.de/10005069001

The Radical Innovation Investment Decision Refined

Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...

Persistent link: https://www.econbiz.de/10010791525