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Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a …
Persistent link: https://www.econbiz.de/10005068790
In this paper we investigate the link between entrepreneurship and financial constraints. We develop a dynamic partial …
Persistent link: https://www.econbiz.de/10005068829
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial … attitudes. Most importantly and in contrast to previous research, we are able to examine whether the decision of starting a … business is influenced by objectively measurable risk attitudes at the time when this decision is made. Our results show that …
Persistent link: https://www.econbiz.de/10005068847
Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...
Persistent link: https://www.econbiz.de/10005068853
The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10005068887
obtained from surveys conducted in 18 countries, we study what variables have a significant impact on an individual's decision …
Persistent link: https://www.econbiz.de/10005068936
This paper studies gender discrimination against entrepreneurs by financial institutions. Based on the Business Environment and Enterprise Performance Survey (BEEPS) that covers firms in several countries of Western Europe as well as in the transition countries of Eastern Europe, our analysis...
Persistent link: https://www.econbiz.de/10005068937
When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex …
Persistent link: https://www.econbiz.de/10005069001
-employment and entrepreneurship and their economic success. Particular attention is paid to the role of legal status at entry in the … for their integration in the labor market. Since the focus is on the understanding of the self-employment decision, a two …
Persistent link: https://www.econbiz.de/10005069009
indicate that the decrease in tax rates did not have a significant effect on the self-employment decision. …
Persistent link: https://www.econbiz.de/10005069032