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This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous research, we handle endogeneity issues relying on an instrumental variables strategy considering as a source of exogenous variation in risk aversion the early exposure to a...
Persistent link: https://www.econbiz.de/10011959842
Persistent link: https://www.econbiz.de/10010411676
In western industrialized countries men are on average more than twice as active in entrepreneurship as women. Based on … data from a recent representative survey of the adult population in Germany this paper uses an empirical model for the …
Persistent link: https://www.econbiz.de/10003423981
In western industrialized countries men are on average more than twice as active in entrepreneurship as women. Based on … data from a recent representative survey of the adult population in Germany this paper uses an empirical model for the …
Persistent link: https://www.econbiz.de/10013357732
We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel Study. The data include private wealth balance sheets,...
Persistent link: https://www.econbiz.de/10012389043
We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel Study. The data include private wealth balance sheets,...
Persistent link: https://www.econbiz.de/10012430244
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10013086658
Objective: The objective of the article is to investigate the influence of passion on entrepreneurial career success while the mediating effects of persistence and risk-taking propensity between passion and success are explored. Research Design & Methods: Questionnaires were administered to...
Persistent link: https://www.econbiz.de/10012520178
the Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS) data for 2009, 2010, and 2012 for a number of … reduce the predicted probability of entrepreneurship consistently over time. The only variable that consistently predicts fof … importance of reducing the gender gap in entrepreneurship. Particularly, in order to encourage more females to be entrepreneurs …
Persistent link: https://www.econbiz.de/10014133084