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Risky Earnings, Taxation and Entrepreneurial Choice: A Microeconometric Model for Germany
16 references·0 citing·37 second hop
Risky Earnings, Taxation and Entrepreneurial Choice: A Microeconometric Model for Germany (2008)Risky Earnings, Taxation and Entrepreneur…Risk attitudes of nascent entrepreneurs–new evidence from an experimentally validated survey (2007)Risk attitudes of nascent ent…Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey (2005)Individual Risk Attitudes: Ne…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Portfolio Choice and Asset Pr…Financial Capital, Human Capital, and the Transition to Self‐Employment: Evidence from Intergenerational Links (2000)Financial Capital, Human Capi…Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self‐Employment (2000)Does Entrepreneurship Pay? An…Qualitative Response Models: A Survey (1994)Qualitative Response Models: …Some Empirical Aspects of Entrepreneurship (1990)Some Empirical Aspects of Ent…The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions (1987)The Sensitivity of an Empiric…An empirical analysis of self‐employment in the U.K. (1986)An empirical analysis of self…Limited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…Attitudes Toward Risk: Experimental Measurement in Rural India (1980)Attitudes Toward Risk: Experi…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 (1964)Risk Aversion in the Small an…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …Risk, Uncertainty and Profit (1921)Risk, Uncertainty and ProfitFinancing Constraints and Corporate Investment (1988)An Estimated Model of Entrepreneurial Choice under Liquidity Constraints (1989)Informality Revisited (2004)Founders’ human capital and the growth of new technology-based firms: A competence-based view (2005)Entrepreneurship and Economic Growth (2006)Some Empirical Aspects of Entrepreneurship (1989)The Social Dimensions of Entrepreneurship (2009)Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States (2010)The impact of COVID-19 on small business outcomes and expectations (2020)The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (1934)Theory of Value (1959)Self-employment in OECD countries (2000)Chapter 61 Knowledge spillovers and the geography of innovation (2004)Global Evidence on Economic Preferences* (2018)Optimum consumption and portfolio rules in a continuous-time model (1971)Asset Prices in an Exchange Economy (1978)Common risk factors in the returns on stocks and bonds (1993)Idiosyncratic Risk Matters! (2003)Market Frictions, Price Delay, and the Cross-Section of Expected Returns (2005)Entrepreneurship, Frictions, and Wealth (2006)Risk Aversion in the Small and in the Large (1976)Prospect Theory: An Analysis of Decision under Risk (1979)Oxytocin increases trust in humans (2005)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Entrepreneurial discovery and the competitive market process: an Austrian approach (2000)Gender Differences in Preferences (2009)Field Experiments (2004)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)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)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)Design and Analysis of Simulated Consumer Choice or Allocation Experiments: An Approach Based on Aggregate Data (1983)The Choice Theory Approach to Market Research (1986)The Determinants of Banking Crises in Developing and Developed Countries (1998)
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References

  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1921Risk, Uncertainty and Profit9,962 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1994Qualitative Response Models: A Survey1,971 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
  • 1980Attitudes Toward Risk: Experimental Measurement in Rural India1,620 cited
  • 1990Some Empirical Aspects of Entrepreneurship1,121 cited
  • 2000Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk1,042 cited
  • 1987The Sensitivity of an Empirical Model of Married Women's Hours of Work to Economic and Statistical Assumptions1,003 cited
  • 2000Financial Capital, Human Capital, and the Transition to Self‐Employment: Evidence from Intergenerational Links827 cited
  • 1944Proportional Income Taxation and Risk-Taking786 cited
  • 2005Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey652 cited
  • 2007Risk attitudes of nascent entrepreneurs–new evidence from an experimentally validated survey

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  • 1986An empirical analysis of self‐employment in the U.K.578 cited
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