This thesis explores in three essays if, how, and why social relationships have a bearing on outcomes in the entrepreneurial process. The first essay attempts to determine which mechanism drives the children of business owners to expect to become and actually enter business ownership themselves....

The first part of the thesis studies the impact of liquidity crashes on asset prices. In financial markets, liquidity could have large downward jumps. The thesis proposes a dynamic model where investors face the risk of potential liquidity crises. We find that investors choose optimal portfolios...

The MIT Sloan School of Management perspective on future management challenges.The MIT Sloan School of Management, as conceived by the legendary General Motors chairman Alfred P. Sloan, was founded in 1952 to draw on the scientific and technical resources of MIT and approach the problems of...