contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

Previous studies have argued that entrepreneurs earn less and bear more risk than salaried workers with otherwise … similar characteristics. In a simple model of entrepreneurship, I show that estimates of mean and variance of returns to … entrepreneurship used by these previous studies are biased, as they are based on cross-sectional data and fail to account for the …

habitual entrepreneurship. The model includes three paths that illustrate how distinct push and pull factors may influence an … owner-manager to engage in habitual entrepreneurship. We propose that a more intuitive (less rational) cognitive style … entrepreneurial behavior in general and habitual entrepreneurship …

discuss the implications for entrepreneurship policy that can be derived from our findings …

Empirical evidence suggests that entrepreneurs make mistakes: too many enter markets and, once there, persist too long … mistakes may also arise from a process in which entrepreneurs continually learn about their prospects, and make entry and exit …-entry learning and can be directed to analyze Bayesian rational or biased entrepreneurs. The model suggests that, to outside …

Entrepreneurs need to invest money and time to grow their firms. Both money and time are often scarce, but the nature … operational mechanism for trading money for time to accelerate growth. The optimal time for entrepreneurs to hire their first …

In an earlier study of the policy orientations of innovative entrepreneurs, it was observed that there were … all entrepreneurs are innovators, with the differences being explained as those of degree. Common entrepreneurial subtypes …

likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence …