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          Institute: MPI für Ökonomik     Collection: Entrepreneurship, Growth and Public Policy Group     Display Documents



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ID: 458980.0, MPI für Ökonomik / Entrepreneurship, Growth and Public Policy Group
The Good, the Bad, and the Talented : Entrepreneurial Talent and Other-Regarding Behavior
Authors:Weitzel, Utz; Urbig, Diemo; Desai, Sameeksha; Acs, Zoltan J.; Sanders, Mark
Language:English
Date of Publication (YYYY-MM-DD):2009-07
Total Number of Pages:28
Title of Series:Jena economic research papers (JERP)
Issue / Number:2009-066
Corporate Body (Series Editor):Friedrich Schiller Universität Jena; Max-Planck-Institut für Ökonomik
Review Status:Internal review
Audience:Not Specified
Abstract / Description:Talent allocation models assume that entrepreneurial talent is selfish and thus
allocates into unproductive or even destructive activities if these offer the highest
private returns. This paper experimentally analyzes other-regarding preferences of
entrepreneurial talent. We find that making a distinction between creative talent
and business talent explains systematic differences in other-regarding behavior.
Generally, business talent is less willing, and creative talent more willing, to forego
private payoffs to avoid losses to others. A moderator analysis reveals that
uncreative business talent is significantly less other-regarding than creative
business talent, a finding applicable to both certain and risky payoffs with and
without negative externalities. The paper makes a contribution to entrepreneurship
research by qualifying the implications of talent allocation models and discovering
the importance of distinguishing between the two types of entrepreneurial talent.
We also add to the field of experimental economics by advancing research on
social preferences under risk and with negative externalities.
Free Keywords:social preference; entrepreneurship; experiment
Classification / Thesaurus:JEL Classification: C91, D62; L26
External Publication Status:published
Document Type:Paper
Communicated by:David B. Audretsch
Affiliations:MPI für Ökonomik/Abteilung Entrepreneurship, Growth and Public Policy
Identifiers:ISSN:1864-7057
URL:http://zs.thulb.uni-jena.de/servlets/MCRFileNodeSe...
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