This paper uses firm level data collected by the Australian Bureau of Statistics in its Business Longitudinal Survey to …

Sports and war metaphors abound in business today. For example, one management book, Thunder in the Sky, by Thomas … business world as tantamount to victory in battle.” The book advises American executives to do the same. However, such … metaphors are misleading. The objective in both sports and war is to beat the competitor. Business, on the other hand, aims to …

I examine a Knightian model of entrepreneurial risk and investment where in addition to the self-selection process for … choosing entrepreneurs, there is an evolutionary selection process over the representation of various risk attitudes. Under a …

acts like a screening process that improves on the performances of the bank loans. Third, the effect of subsidies is …