Personality characteristics and the decisions to become and stay self-employed

被引:318
作者
Caliendo, Marco [1 ]
Fossen, Frank [2 ]
Kritikos, Alexander S. [1 ,3 ]
机构
[1] Univ Potsdam, Potsdam, Germany
[2] Free Univ Berlin, Berlin, Germany
[3] German Inst Econ Res DIW Berlin, Berlin, Germany
关键词
Entrepreneurship; Personality; Big five; Risk tolerance; Locus of control; BIG; 5; JOB-PERFORMANCE; RISK-AVERSION; ENTREPRENEURIAL CHOICE; TRAITS; PREDICTION; SUCCESS; ABILITY; MODEL; METAANALYSIS;
D O I
10.1007/s11187-013-9514-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
Based on a large, representative German household panel, we investigate to what extent the personality of individuals influences the entry decision into and the exit decision from self-employment. We reveal that some traits, such as openness to experience, extraversion, and risk tolerance affect entry, but different ones, such as agreeableness or different parameter values of risk tolerance, affect exit from self-employment. Only locus of control has a similar influence on the entry and exit decisions. The explanatory power of all observed traits among all observable variables amounts to 30 %, with risk tolerance, locus of control, and openness having the highest explanatory power.
引用
收藏
页码:787 / 814
页数:28
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