Showing 1 - 10 of 10
This paper draws the attention of the new researchers to what has been going on in the Behavioral Finance front and how we can draw from and expand upon such works. By doing so, we hope to find more convincing answers to the key questions that continue to define our fascinating academic niche.
Persistent link: https://www.econbiz.de/10010790616
There has developed within the past decade an increased interest among academicians and policy makers in the small companies and entrepreneurs of the world. Domestically, small business is viewed by the “true believers” as the engine that drives the machinery, citing innovation and job...
Persistent link: https://www.econbiz.de/10010790646
Two main approaches have been utilized to explain the relationship between entrepreneurs and their investors. The first is based on the separation of ownership and management i.e. the so-called principal-agent approach. The second emphasizes trust and cooperation in the relationship. This...
Persistent link: https://www.econbiz.de/10010790712
To most people entrepreneurship is solely about innovation and entering a new venture. For example, Hisrich and Peters … (2002) define entrepreneurship as “the process of creating something new with value by devoting the necessary time and … personal satisfaction and independence.†According to Kuratko and Welsch (1994) “Many people now regard entrepreneurship as …
Persistent link: https://www.econbiz.de/10010765292
Investment in innovation in industrialized economies increasingly is taken over by large firms that operate their own R&D divisions and transform technological change into a routine bureaucratized process. Powerful competitive forces require firms to do this for survival. But such routinized...
Persistent link: https://www.econbiz.de/10010765328
This study examines the extent to which individual demographic characteristics of owners influence capital structure desisions. Using the Federal Reserve's 2003 Survey of Small Business Finances, we estimate the joint effects of traditional capital structure determinants and manager age, gender,...
Persistent link: https://www.econbiz.de/10010765345
Since World War II, Italy's economic growth has been one of the highest in the world. The objective of this study is to examine the structure of the Italian economy and causes of this growth. It was found that small and medium-sized firms, most of them family-owned, have been the dynamic force...
Persistent link: https://www.econbiz.de/10011133311
Efficiency and effectiveness for all entrepreneurial firms requires that limited resources be put to their best use. Thus the acquisition of long-term assets is an important decision for any entrepreneurial firm. For hospitals, which have become entrepreneurial to survive in today’s...
Persistent link: https://www.econbiz.de/10011133314
entrepreneurship to personal bankruptcy law. …
Persistent link: https://www.econbiz.de/10010762501
Pro forma estimation of financial statements often builds on constant ratios to sales revenue. While constant ratios may be relevant for established firms operating in predictable industries, they yield noninformative and possibly misleading information when applied to new firms, and...
Persistent link: https://www.econbiz.de/10010762507