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dc.contributor.authorSchäfer, Dorothea
dc.contributor.authorTalavera, Oleksandr
dc.contributor.authorWeir, Charlie
dc.date.accessioned2016-10-11T15:28:02Z
dc.date.available2016-10-11T15:28:02Z
dc.date.issued2011-07-02en
dc.identifier.citationSCHA̋FER, D., TALAVERA, O. and WEIR, C. 2011. Entrepreneurship, windfall gains and financial constraints: evidence from Germany. Economic modelling [online], 28(5), pages 2174-2180. Available from: http://dx.doi.org/10.1016/j.econmod.2011.05.010en
dc.identifier.issn0264-9993en
dc.identifier.urihttp://hdl.handle.net/10059/1889
dc.description.abstractWe investigate the link between the propensity to become an entrepreneur and the exogenous release from financial constraints in Germany. This is defined in terms of the movement from employment to self-employment on receipt of a financial windfall. A theoretical framework developing Evans and Jovanovic (1989) is set up and tested with panel data from German households. The results show that financial constraints do exist given that individuals are more likely to start a personal business after receiving a windfall gain. The value of windfall gains has a significant but non linear effect on the decision to become self employed. The data reveal that differences in ability and income affect the change in employment status. We also report that there is no evidence that becoming self-employed involves the anticipation of windfall gains.en
dc.description.sponsorshipGerman Science Foundation (DFG) under the grant SCHA 841/12en
dc.language.isoengen
dc.publisherElsevieren
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0en
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectEntrepreneurshipen
dc.subjectWindfall gainsen
dc.subjectFinancial constraintsen
dc.titleEntrepreneurship, windfall gains and financial constraints: evidence from Germany.en
dc.typeJournal articlesen
dc.publisher.urihttp://dx.doi.org/10.1016/j.econmod.2011.05.010en
dcterms.dateAccepted2011-05-24en
dcterms.publicationdate2011-09-01en
refterms.accessExceptionNAen
refterms.dateDeposit2016-10-11en
refterms.dateEmbargoEnd2012-07-02en
refterms.dateFCA2016-10-11en
refterms.dateFCD2016-10-11en
refterms.dateFreeToDownload2016-10-11en
refterms.dateFreeToRead2016-10-11en
refterms.dateToSearch2016-10-11en
refterms.depositExceptionNAen
refterms.panelCen
refterms.technicalExceptionNAen
refterms.versionAMen
rioxxterms.publicationdate2011-07-02en
rioxxterms.typeJournal Article/Reviewen
rioxxterms.versionAMen


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