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...

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...

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...

The renewed scholarly interest in the craft-based mode of competition, work, learning and innovation suggests that there are some unique aspects of the craft's way of doing business. Using a large panel data set, the present paper takes a closer look at this issue by examining the personality...