compatible with the free-market economy principles and supportive of entrepreneurship. We show that during the 40 years of … socialistic regime in East Germany entrepreneurship was highly regulated and virtually impossible and that the prevalent formal … and informal institutions broke the traditional ties linking entrepreneurship to the characteristics of individuals so …

-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …

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 … about the effects of risk aversion on selection into entrepreneurship. …

Parker and Van Praag (2009) showed, based on theory, that the group status of the profession ‘entrepreneurship’ shapes … consequences of the group status of a profession, entrepreneurship in particular. If the group status of entrepreneurship is … be expected and respect. Furthermore, our results imply that entrepreneurship is associated with hard work, high incomes …