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, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more … entrepreneurship. …
Persistent link: https://www.econbiz.de/10010304694
one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …
Persistent link: https://www.econbiz.de/10010304696
We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...
Persistent link: https://www.econbiz.de/10010310070
into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …
Persistent link: https://www.econbiz.de/10011672012
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … and exit decisions. Nonpecuniary benefits of entrepreneurship, such as being independent in the workplace, also contribute …
Persistent link: https://www.econbiz.de/10010308745
Persistent link: https://www.econbiz.de/10008904764
entry strongly applies to unincorporated entrepreneurship, but only weakly to incorporated entrepreneurship. This highlights … the association of unincorporated and incorporated entrepreneurship with necessity and opportunity entrepreneurship …
Persistent link: https://www.econbiz.de/10012864874
A common finding in the entrepreneurship literature is that business creation increases in recessions. This counter …-cyclical pattern is examined by separating business creation into two components: "opportunity" and "necessity" entrepreneurship … entrepreneurship, there are many challenges to creating a definition that is both objective and empirically feasible. We propose an …
Persistent link: https://www.econbiz.de/10012929104
Entrepreneurial activity is often regarded as an engine for economic growth and job creation. Through tax policy, governments possess a potential lever to influence the decisions of economic agents to start and close small businesses. In Germany, the top marginal income tax rates were reduced...
Persistent link: https://www.econbiz.de/10012778434
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that the role model of an entrepreneur requires to make risky decisions in uncertain environments and hence that more risk-averse...
Persistent link: https://www.econbiz.de/10013317560