We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a …

. This paper studies the role of endogenous owner hours in shaping the wealth distribution among entrepreneurs. We introduce … levels and the dispersion of wealth among entrepreneurs. Long owner hours incentivize poor, highly productive individuals to … be owners and help the most productive owners to accumulate large quantities of wealth. On net, owners working long hours …

wealth? and 3) Do entrepreneurs hold a smaller share of their financial assets in risky stock holdings? Results indicate that … entrepreneurs are financially conservative based on borrowing and savings questions but are more likely to assume risk for financial … gain. Consistent with earlier evidence that entrepreneurs save more, they also accumulate more wealth over time …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a …

Entrepreneurs tend to be risk tolerant but is more risk tolerance always better? In a sample of about 2,100 small … businesses, we find an inverted U-shaped relation between risk tolerance and profitability. This relationship holds in a simple … transmission goes from risk tolerance via investments to profits. This is quite robust as it applies for past investments as well …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a …

We present evidence on how individual risk preferences are related to entrepreneurial investment among the wealthy. To … do so, we use novel survey data from the top of the wealth distribution, which have been fully integrated into the 2019 … German Socio-economic Panel Study. The data include private wealth balance sheets, in particular the value of own private …