Based on a trait-oriented approach, Big Five personality traits have been repeatedly shown to affect entrepreneurial action. In the last two decades, a new literature stream on the Big Five has emerged in the field of psychology that has partly moved away from a traitbased perspective towards a...

Rostam-Afschar (2014) analyzes the impact of the deregulation of the German Trade and Crafts Code of 2004 on entrepreneurial activity, using German microcensus (MC) data. He finds a positive effect on market entry and self-employment and no change in exit probabilities. As these results...

Personality is a key driver of self-employment decisions. For this reason, the personality traits of entrepreneurs or business owners have been repeatedly studied in previous research. This paper extends this literature by focusing on the craft entrepreneur - as a classic form of strategic...

Um zu wachsen und erfolgreich zu sein, setzt ein erheblicher Teil der neu gegründeten Unternehmen aus Mittelstand und Handwerk statt auf Forschung und Entwicklung (F&E) auf andere Arten des Lernens und Innovierens. Die vorliegende Untersuchung zur wirtschaftlichen Performance unterschiedlicher...

Previous studies have established that young innovative companies (YICs), characterized by high levels of in-house research and development (R&D), exhibit a pronounced growth premium at the upper end of the conditional growth distribution and are therefore of particular interest to policymakers....

The literature has established that young firms engaged in R&D exhibit a pronounced asymmetry in their economic performance, with high premia at the upper end of the conditional growth distribution. We argue that this binary view - i.e., R&D-oriented firms versus all others - is somewhat...

In this paper it is argued that locus of control beliefs and preferences concerning state action negatively affect the formation of new firms in former socialist countries. For this purpose Kirzner's theory of costless entrepreneurship is reviewed and criticized. German reunification, in which...

In this paper it is argued that locus of control beliefs and preferences concerning state action negatively affect the formation of new firms in former socialist countries. For this purpose Kirzner's theory of costless entrepreneurship is reviewed and criticized. German reunification, in which...