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Gender differences in entrepreneurial choice and risk aversion – a decomposition based on a microeconometric model
16 references·16 citing·29 second hopsampled
Gender differences in entrepreneurial choice and risk aversion – a decomposition based on a microeconometric model (2011)Gender differences in entrepreneurial cho…The German Socio-Economic Panel Study (SOEP) - Scope, Evolution and Enhancements (2007)The German Socio-Economic Pan…Liquidity Constraints, Household Wealth, and Entrepreneurship (2004)Liquidity Constraints, Househ…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…Self-employment in OECD countries (2000)Self-employment in OECD count…Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Portfolio Choice and Asset Pr…Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self‐Employment (2000)Does Entrepreneurship Pay? An…On discrimination and the decomposition of wage differentials (1994)On discrimination and the dec…Some Empirical Aspects of Entrepreneurship (1989)Some Empirical Aspects of Ent…Limited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion (1979)A General Equilibrium Entrepr…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Wage Discrimination: Reduced Form and Structural Estimates (1973)Wage Discrimination: Reduced …Male-Female Wage Differentials in Urban Labor Markets (1973)Male-Female Wage Differential…Conditional logit analysis of qualitative choice behavior (1972)Conditional logit analysis of…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Risk, Uncertainty and Profit (1921)Risk, Uncertainty and ProfitDoes society influence the gender gap in risk attitudes? Evidence from East and West Germany (2024)Does society influence the ge…Startups and circular economy strategies: Profile differences, barriers and enablers (2023)Startups and circular economy…How Do Female Entrepreneurs Differ From Male Entrepreneurs? Distinguishing Personality Traits Throughout the Entrepreneurial Journey (2023)How Do Female Entrepreneurs D…Gender Bias in Entrepreneurship: What is the Role of the Founders’ Entrepreneurial Background? (2022)Gender Bias in Entrepreneursh…Does education enhance entrepreneurship? (2022)Does education enhance entrep…What Brings Female Professionals to Entrepreneurship? Exploring the Antecedents of Women’s Professional Entrepreneurship (2021)What Brings Female Profession…Risk Aversion, Entrepreneurial Attitudes, Intention and Entry Among Young People in Uganda and Germany: A Gendered Analysis (2020)Risk Aversion, Entrepreneuria…Intensifying financial inclusion through the provision of financial literacy training: a gendered perspective (2019)Intensifying financial inclus…Doubly Disadvantaged: Gender, Spatially Concentrated Deprivation and Nascent Entrepreneurial Activity (2019)Doubly Disadvantaged: Gender,…Innovation and Entrepreneurship Policies and Gender Equity (2017)Innovation and Entrepreneursh…Entrepreneurship, gender gap and developing economies: the case of post-apartheid South Africa (2017)Entrepreneurship, gender gap …Beyond the EJ model: entrepreneurial orientation and industry choice of Ghanaian entrepreneurs (2017)Beyond the EJ model: entrepre…Through the gender looking-glass: Brazilian tourism entrepreneurs (2016)Through the gender looking-gl…Determinants of the entrepreneurial gender gap in Latin America (2016)Determinants of the entrepren…Cultural hysteresis, entrepreneurship and economic crisis (2016)Cultural hysteresis, entrepre…Women, Children and Patience: Experimental Evidence from I ndian Villages (2013)Women, Children and Patience:…The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (1934)Theory of Value (1959)Chapter 61 Knowledge spillovers and the geography of innovation (2004)Global Evidence on Economic Preferences* (2018)Prospect Theory: An Analysis of Decision under Risk (1979)Oxytocin increases trust in humans (2005)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Macroeconomics and Reality (1980)Discrete Choice Methods with Simulation (2001)Decomposition Methods in Economics (2011)The Gender Wage Gap: Extent, Trends, and Explanations (2017)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Entrepreneurial discovery and the competitive market process: an Austrian approach (2000)Gender Differences in Preferences (2009)Human Capital, Effort, and the Sexual Division of Labor (1985)Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach (1996)Econometric Analysis of Cross Section and Panel Data (2001)Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages (2004)Introductory Econometrics for Finance (2008)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)An Estimated Model of Entrepreneurial Choice under Liquidity Constraints (1989)The Promise of Entrepreneurship as a Field of Research (2000)The role of social and human capital among nascent entrepreneurs (2003)On the measurement of inequality (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1972Conditional logit analysis of qualitative choice behavior14,281 cited
  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1921Risk, Uncertainty and Profit9,962 cited
  • 1973Male-Female Wage Differentials in Urban Labor Markets8,454 cited
  • 1973Wage Discrimination: Reduced Form and Structural Estimates6,915 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1989Some Empirical Aspects of Entrepreneurship2,005 cited
  • 1979A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion1,919 cited
  • 2000Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self‐Employment1,849 cited
  • 2007The German Socio-Economic Panel Study (SOEP) - Scope, Evolution and Enhancements1,774 cited
  • 1994On discrimination and the decomposition of wage differentials1,660 cited
  • 2004Liquidity Constraints, Household Wealth, and Entrepreneurship1,295 cited
  • 2000Self-employment in OECD countries1,175 cited

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Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk
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Cited by

  • 2019Intensifying financial inclusion through the provision of financial literacy training: a gendered perspective119 cited
  • 2023Startups and circular economy strategies: Profile differences, barriers and enablers91 cited
  • 2016Determinants of the entrepreneurial gender gap in Latin America50 cited
  • 2022Does education enhance entrepreneurship?43 cited
  • 2013Women, Children and Patience: Experimental Evidence from I ndian Villages43 cited
  • 2019Doubly Disadvantaged: Gender, Spatially Concentrated Deprivation and Nascent Entrepreneurial Activity33 cited
  • 2020Risk Aversion, Entrepreneurial Attitudes, Intention and Entry Among Young People in Uganda and Germany: A Gendered Analysis33 cited
  • 2022Gender Bias in Entrepreneurship: What is the Role of the Founders’ Entrepreneurial Background?32 cited
  • 2016Cultural hysteresis, entrepreneurship and economic crisis26 cited
  • 2016Through the gender looking-glass: Brazilian tourism entrepreneurs25 cited
  • 2017Entrepreneurship, gender gap and developing economies: the case of post-apartheid South Africa21 cited
  • 2023How Do Female Entrepreneurs Differ From Male Entrepreneurs? Distinguishing Personality Traits Throughout the Entrepreneurial Journey15 cited
  • 2017Innovation and Entrepreneurship Policies and Gender Equity10 cited
  • 2021What Brings Female Professionals to Entrepreneurship? Exploring the Antecedents of Women’s Professional Entrepreneurship9 cited
  • 2017Beyond the EJ model: entrepreneurial orientation and industry choice of Ghanaian entrepreneurs9 cited
  • 2024Does society influence the gender gap in risk attitudes? Evidence from East and West Germany4 cited