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The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10013158383
portfolio share of private business equity significantly increase with higher risk tolerance. -- Entrepreneurship ; private … equity ; investment ; risk aversion …
Persistent link: https://www.econbiz.de/10003782603
The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10005068887
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/10009378398
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception …
Persistent link: https://www.econbiz.de/10013307955
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 … to an explanation of entrepreneurial behavior. -- Entrepreneurship ; risk aversion ; portfolio choice …
Persistent link: https://www.econbiz.de/10009579232
When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex …
Persistent link: https://www.econbiz.de/10012724638
Persistent link: https://www.econbiz.de/10011400372
When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex …
Persistent link: https://www.econbiz.de/10010324255