Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/61395 
Autor:innen: 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
DIW Discussion Papers No. 1209
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite comparably low returns and high risk? This paper connects several streams of literature to shed some light on this puzzle and suggests possible future research avenues. Key insights from the literature are that entrepreneurs may operate in imperfect financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is, therefore, on the role of heterogeneous risk attitudes in entrepreneurial decisions, specifically portfolio choice and the entry and exit decisions. Nonpecuniary benefits of entrepreneurship, such as being independent in the workplace, also contribute to an explanation of entrepreneurial behavior.
Schlagwörter: 
Entrepreneurship
risk aversion
portfolio choice
JEL: 
J23
G11
L26
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
408.77 kB





Publikationen in EconStor sind urheberrechtlich geschützt.