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Searching for the Entrepreneurial Personality: New Evidence and Avenues for Further Research

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  • Caliendo, Marco

    ()
    (University of Potsdam)

  • Kritikos, Alexander S.

    ()
    (University of Potsdam, DIW Berlin)

Abstract

What makes the entrepreneurial personality is the key question we seek to answer in the special issue of the Journal of Economic Psychology on "Personality and Entrepreneurship". The contributions are clustered around questions regarding the linkage between personality, socio-economic factors and entrepreneurial development. Results further explain the gender puzzle, while, at the same time, it is clear that stereotypes of what makes the ideal entrepreneur must be revisited. This conclusion is based on new insights into the effects that variables, such as risk tolerance, trust and reciprocity, the value for autonomy and also external role models, have on entrepreneurial decision making. On a more general note, it is clear that more informative longitudinal data sets at the individual level are needed in order to find conclusive answers. In an ideal world researchers would have access to data that includes personality characteristics and psychological traits, motivational factors and cognitive skills. In this respect the research community needs to find new ways to collect these data and make them available for entrepreneurship research.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5790.

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Length: 14 pages
Date of creation: Jun 2011
Date of revision:
Publication status: published in: Journal of Economic Psychology, 2012, 33 (2), 319-324
Handle: RePEc:iza:izadps:dp5790

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Keywords: entrepreneurship; trust; risk aversion; personality characteristics; autonomy;

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References

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  1. Acemoglu, Daron, 1995. "Reward structures and the allocation of talent," European Economic Review, Elsevier, vol. 39(1), pages 17-33, January.
  2. Marco Caliendo & Frank M. Fossen & Alexander S. Kritikos, 2010. "Trust, Positive Reciprocity, and Negative Reciprocity: Do These Traits Impact Entrepreneurial Dynamics?," SOEPpapers on Multidisciplinary Panel Data Research 348, DIW Berlin, The German Socio-Economic Panel (SOEP).
  3. Marco Caliendo & Frank M. Fossen & Alexander S. Kritikos, 2006. "Risk Attitudes of Nascent Entrepreneurs: New Evidence from an Experimentally-Validated Survey," Discussion Papers of DIW Berlin 600, DIW Berlin, German Institute for Economic Research.
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