English title: The Entrepreneurial Culture: Guiding Principles of the Self-Employed

Author(s): Florian Noseleit -

Language: English

Type: Report, working paper

Year: 2008

Abstract

What makes entrepreneurs different? Using a cross-country dataset, this paper explores essential parts of the value system of entrepreneurs in Western European countries by comparing value items of the self-employed to that of the non-self-employed. The self-employed rate values higher that aim toward openness to change and self-enhancement. In turn, values related to conservation are considered less important. Self-regarding preferences, such as hedonism, that would be closest to a traditional neo-classical argument, do not differ significantly for entrepreneurs in nearly all countries. The higher importance of value items that are related to openness to change illustrate that there is a motivational background for the entrepreneur being a “jack-of-all-trades.”

Edition: 2

Institution: Friedrich Schiller University and Max Planck Institute of Economics, Jena, Germany

Number of pages: 17

Number: 34

Series: JERP - Jena Economic Research Papers

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