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investigate the link between risk aversion and entrepreneurship in migrant communities. Using an original representative household … risk preferences and entrepreneurship reported in previous studies. Copyright Batista and Umblijs.; licensee Springer 2014 …Do more risk loving migrants opt for self-employment? We use a novel vignette-adjusted measure of risk preferences to …
Persistent link: https://www.econbiz.de/10010949797
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … comparably low returns and high risk? This paper connects several streams of literature to shed some light on this puzzle and … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …
Persistent link: https://www.econbiz.de/10010956186
-adjusted measure of risk preferences in the domain of work to investigate the link between risk aversion and entrepreneurship in … significant negative relationship between risk aversion and entrepreneurship. In addition, our results show that the use of …Do more risk loving migrants opt for self-employment? This is a question especially relevant for policymakers designing …
Persistent link: https://www.econbiz.de/10010959623
consistent with theory. We also use this indicator to address the importance of self-selection when relating indicators of risk …We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a … consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers' decisions that in theory should …
Persistent link: https://www.econbiz.de/10005328916
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … comparably low returns and high risk? This paper connects several streams of literature to shed some light on this puzzle and … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …
Persistent link: https://www.econbiz.de/10010544328
, we find a significant negative relationship between risk aversion and entrepreneurship. In addition, our results show …Do more risk loving migrants opt for self-employment? This is a question especially relevant for policy makers … novel vignette-adjusted measure of risk preferences in the domain of work to investigate the link between risk aversion and …
Persistent link: https://www.econbiz.de/10010839545
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a … consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers� decisions that in theory … should vary with attitude towards risk. We find that elicited risk aversion has considerable predictive power for a number of …
Persistent link: https://www.econbiz.de/10005770780
uninsurable risk of losing invested capital forces entrepreneurs to rely on self-financing, so that when business opportunities …
Persistent link: https://www.econbiz.de/10008519499
comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …
Persistent link: https://www.econbiz.de/10005068887
, we find a significant negative relationship between risk aversion and entrepreneurship. In addition, our results show …Do more risk loving migrants opt for self-employment? This is a question especially relevant for policy makers … novel vignette-adjusted measure of risk preferences in the domain of work to investigate the link between risk aversion and …
Persistent link: https://www.econbiz.de/10010744648