Advertisements frequently link values to advertised products or services, but little is known about the effect of this practice on value-driven behavior that is unrelated the advertising context. Evidence from two studies show that exposure to value-laden advertisements instigates behavior that is congruent with the ‘advertised’ value (i.e., self-direction, security, achievement or benevolence)...

In this paper, we employ modern frontier efficiency analysis to investigate the ability of British and German entrepreneurs to use their age, education and experience to earn money in the period from 2000 to 2003. We find that the efficiency of selfemployed individuals has deteriorated from 79 in 2000 to 73 percent in 2003. Division into sub-groups provides several remarkable insights: (i) stat...

We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or a closely related industry as their fathers’ industry of employment. Second, this tendency is correlated with intelligence: higher-IQ entrepreneurs are less likely to follow their fathers. Third, an entrepreneur that starts a firm in the same 5-digit industry as where his fath...

This paper analyzes entrepreneurs in South Africa‘s informal sector. The aim is to determine the extent to which African informal retail trade spawns viable enterprises. To assess the prospects for South Africa‘s informal retail sector, questionnaires were obtained from owners of small-scale establishments in random sample taken throughout the country in 2007. Owner salary and sales data provid...

Two studies examined whether forgiveness in married couples is associated with better conflict resolution. Study 1 examined couples in their 3rd year of marriage and identified 2 forgiveness dimensions (retaliation and benevolence). Husbands' retaliatory motivation was a significant predictor of poorer wife-reported conflict resolution, whereas wives' benevolence motivation predicted husbands' ...

In this study, we seek to understand the key differences between the entrepreneurial experience for Mexican immigrant and US-born Mexican entrepreneurs. We focus on differences in motivation for start-up, reliance on ethnic enclaves and business management practices. Using data from the 2005 National Minority Business Owner Survey, our sample consisted of 156 Mexican American entrepreneurs (55 ...

This paper argues that cooperation among competitors is facilitated by social processes (among others: learning, bounded solidarity, social control, regulation) that can be modelled using network analyses. Entrepreneurs get involved in social exchanges and these exchanges require relational investments, protection of these investments, social niche seeking and status competition – which trigger...

We analyze a standard environment of adverse selection in credit markets. In our environment, entrepreneurs who are privately informed about the quality of their projects need to borrow in order to invest. Conventional wisdom says that, in this class of economies, the competitive equilibrium is typically inefficient. We show that this conventional wisdom rests on one implicit assumption: entrep...