TY  - JOUR
A1  - Caliendo, Marco
A1  - Fossen, Frank
A1  - Kritikos, Alexander
T1  - Personality characteristics and the decisions to become and stay self-employed
T2  - Small business economics : an international journal
N2  - 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.
KW  - Entrepreneurship
KW  - Personality
KW  - Big five
KW  - Risk tolerance
KW  - Locus of control
Y1  - 2014
UR  - https://publishup.uni-potsdam.de/frontdoor/index/index/docId/37977
SN  - 0921-898X
SN  - 1573-0913
VL  - 42
IS  - 4
SP  - 787
EP  - 814
PB  - Springer
CY  - Dordrecht
ER  -