The taxation of capital gains is a perennial issue in tax policy. One critical aspect for understanding the overall effects of capital gains taxation is how these taxes affect entrepreneurs. While many analyses focus on the disincentive effects created by capital gains taxes for investors in large corporations, these disincentives may be even more important for entrepreneurs. This paper discuss...

We develop a model of entrepreneurial choice in which some individuals have a comparative advantage in starting new business enterprises. Two frictions play key roles in our model: markets are incomplete and entrepreneurs can own equity in only one business enterprise at a time. In the model entrepreneurs optimally smooth consumption over time while accumulating adequate assets to self insure a...

This paper reviews 51 international entrepreneurship articles gleaned from the ABI / Inform database of business citations. It divides the articles into four categories: (a) individual entrepreneurs and their traits, (b) entrepreneurial processes, (c) environmental factors, and (d) small and entrepreneurial ventures. It suggests that there is much room for further research, particularly in cros...

This paper presents the first results on Brazil of an international survey on how entrepreneurs from BRIC countries perceive their environment. The first section describes briefly the present context of Brazilian ICT entrepreneurs. The second question describes the methodology of the research and the third section describes the main results. The fourth section presents a discussion of results, ...

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs Marcin Staniewski & Katarzyna Awruk To cite this article: Marcin Staniewski & Katarzyna Awruk (2015) Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs, Economic Research-Ekonomska Istraživanja, 28:1, 583-592, DOI: 10.1080/1331677X.2015.1083876...

Purpose – Whether opportunities are discovered or created by entrepreneurs is a foundational question in entrepreneurship research. The purpose of this paper is to examine women entrepreneurs in high-growth new ventures and explore the cognitive resources that distinguish between three approaches to opportunity perception: opportunity discovery; opportunity creation; and a combined discover-cre...

Article history: Received 1 August 2014 Accepted 1 August 2014 Available online 28 August 2014 Against the background of demographic change, gray entrepreneurship has become more prevalent.When gray entrepreneurs chose to leave paid employment to become self-employed, it is of concern for companies whomay lose highly capable older employees. One of the reasons for this can be a failure to under...

Entrepreneurship education has two effects: it improves students’ entrepreneurial skills and provides impetus to those suited to entrepreneurship while discouraging others. While entrepreneurship education helps students to make a vocational decision its effects may conflict for those unsuited to entrepreneurship. We show that vocational and skill formation effects of entrepreneurship education...