Mit der Analyse des Investitionsverhaltens US-amerikanischer Großunternehmen beleuchtet Charlotte L. Schuster die Praxis von Managern, langfristige für kurzfristige Ziele zu opfern. Damit greift sie ein Thema auf, das in Wissenschaft und Wirtschaft zunehmend als Problem wahrgenommen wird, v.a....

Parker and Van Praag (2009) showed, based on theory, that the group status of the profession ‘entrepreneurship’ shapes people’s occupational preferences and thus their choice behavior. The current study focuses on the determinants and consequences of the group status of a profession,...

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

This paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit institutions are here defined as mindsets that have developed as the result of norms and traditions and we expect they will have an influence on risk attitudes and opportunity...