Search Results - Business Economics

The Impact of Risk Attitudes on Entrepreneurial Survival

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

-validated survey. Discussion Paper No. 2168, IZA, forthcoming in: Small Business Economics. Chell, E., J. Harworth, and S. Brearley … risk aversion. Small Business Economics 26, 465–474. Kihlstrom, R. and J. Laffont (1979). A general equilibrium theory of … decision. Small Business Economics 26, 215–226. Palich, L. and D. R. Bagby (1995). Using cognitive theory to explain …

Persistent link: https://www.econbiz.de/10005859629

Is entrepreneurial success predictable? An ex-ante analysis of the character-based approach

Caliendo, Marco; Kritikos, Alexander S. - 2007

the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting …-day assessment center (AC) and a standardized questionnaire, before they launched their business. Results are partly unexpected …

Persistent link: https://www.econbiz.de/10010297258

Utility versus Income-Based Altruism

Kritikos, Alexander S.; Bolle, Friedel - 2006

In Dictator Game experiments where the information status of the participants varies we find that a certain type of proposer tends to reduce his offers when the recipient has incomplete information about the pie size. We also find that a certain type of recipient tends to reject too small offers...

Persistent link: https://www.econbiz.de/10010297250

Is there a Market for Microlending in Industrialized Countries?

Kritikos, Alexander S.; Kneiding, Christoph; … - 2006

German small and micro-business owners in 2005. Among the interviewed entrepreneurs, 15% report revolving funding needs and … state that they are interested in microloans. Characteristic target group members are retail business owners, foreign small … business owners, and persons having previously received private loans. Therefore, lenders entering the market should address …

Persistent link: https://www.econbiz.de/10010297252

Risk Attitudes of Nascent Entrepreneurs: New Evidence from an Experimentally Validated Survey

Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2006

importantly and in contrast to previous research, we are able to examine whether the decision of starting a business is in …

Persistent link: https://www.econbiz.de/10010297253

The Impact of Compulsory Arbitration on Bargaining Behavior: An Experimental Study

Kritikos, Alexander S. - 2005

A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and final offer arbitration. Under no arbitration disputes with zero payoffs were around 10%, while the pie was equally split in less than half of the cases. Under conventional...

Persistent link: https://www.econbiz.de/10010297233

Key Factors of Joint-Liability Loan Contracts: An Empirical Analysis

Kritikos, Alexander S.; Vigenina, Denitsa - 2005

We empirically examine the efficacy of various incentives of microlending contracts such as joint-liability or group access to future loans. We find that joint liability induces a group formation of low risk borrowers. Furthermore, the incentive system leads to peer measures between the...

Persistent link: https://www.econbiz.de/10010297234

Utility-Based Altruism: Evidence in Favour Gary Becker

Bolle, Friedel; Kritikos, Alexander S. - 2005

In Dictator Game experiments where the information status of the recipient varies we find that a certain type of donator tends to reduce his offer when the recipient has incomplete information about the pie size. This result provides new evidence on those approaches on altruism, which assume...

Persistent link: https://www.econbiz.de/10010297235

The Economics of Solidarity: A Conceptual Framework

Kritikos, Alexander S.; Bolle, Friedel; Tan, Jonathan H. W. - 2005

For many people "solidarity" has become a meaningless word used in slogans - too often used without leading to any economic consequences. We show in this paper conditions under which solidarity can be a powerful instrument. In a solidary action, an individual in a group contributes to a series...

Persistent link: https://www.econbiz.de/10010297236

Indenture as a Commitment Device in Self-Enforced Contracts: An Experimental Test

Kritikos, Alexander S.; Tan, Jonathan H. W. - 2005

How can a principal (an agent) ensure that an agent (a principal) will work (pay up), if payment (work) precedes work (payment)? When a banknote is torn in two, each part is by itself worthless. A principal can pre-commit to payment-on-delivery, by tearing a banknote and giving the agent the...

Persistent link: https://www.econbiz.de/10010297243