Sascha O. Becker, The CAGE Background Briefing Series No. 22, August 2015
Standard microeconomics ignores personalities, but business studies stress the importance of entrepreneurs. This column presents evidence that shows that personalities are important. Looking into the death of a firm’s founder during the first ten years of a company’s existence, the data suggest that entrepreneurs matter – they are the ‘glue’ that holds a business together.
Behavioural Economics and Wellbeing