Showing 1 - 10 of 10
A simple occupational choice model is used to predict that entrepreneurs who found new firms are more likely to work for small than for large firms prior to start-up. The mechanism underlying the result is heterogeneous risk aversion. The model also predicts a positive association between new...
Persistent link: https://www.econbiz.de/10010267541
This article proposes a simultaneous probit equation framework to analyse the business ownership patterns of married couples in the United States. A structural model of knowledge spillovers within couples is formulated and estimated. Empirical analysis reveals significant and substantial...
Persistent link: https://www.econbiz.de/10010267672
-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. …
Persistent link: https://www.econbiz.de/10010326409
This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the … US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …
Persistent link: https://www.econbiz.de/10010276150
enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses … of transitions to entrepreneurship generates misleading findings about the determinants of entrepreneurship. …
Persistent link: https://www.econbiz.de/10010282246
We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...
Persistent link: https://www.econbiz.de/10010282600
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. …
Persistent link: https://www.econbiz.de/10010282614
We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...
Persistent link: https://www.econbiz.de/10010325359
This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in - otherwise random - team composition is...
Persistent link: https://www.econbiz.de/10010326380
What is the effect of dispersed levels of cognitive ability of members of a (business) team on their team's performance? This paper reports the results of a field experiment in which 573 students in 49 teams start up and manage real companies under identical circumstances. We ensured exogenous...
Persistent link: https://www.econbiz.de/10010377189