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Sitting on the fence : untangling the role of uncertainty in entrepreneurship and paid employment for hybrid entry

Gänser-Stickler, Gertraud M.; Schulz, Matthias; … - In: Journal of business venturing 37 (2022) 2, pp. 1-15

Persistent link: https://www.econbiz.de/10013173546

Employment vs. Entrepreneurship : Risk Aversion and Occupational Choice

Thiele, Veikko; Tombak, Mihkel M. - 2013

We develop an equilibrium model where risk-averse agents can choose between employment and entrepreneurship. An …. However, we show that income risk is not the only driver for the occupational choice of agents with entrepreneurship options … - as commonly argued. Instead, more risk-averse agents with those options have a lower valuation of entrepreneurship, and …

Persistent link: https://www.econbiz.de/10014045073

Executive compensation : the view from general equilibrium

Danthine, Jean-Pierre; Donaldson, John B. - 2007

Persistent link: https://www.econbiz.de/10003593051

Executive compensation: the view from general equilibrium

Danthine, Jean-Pierre; Donaldson, John B. - 2007

Persistent link: https://www.econbiz.de/10003596280

Executive compensation : the view from general equilibrium

Danthine, Jean-Pierre (contributor); … - 2007

We study the dynamic general equilibrium of an economy where risk averse shareholders delegate the management of the firm to risk averse managers. The optimal contract has two main components: an incentive component corresponding to a non-tradable equity position and a variable 'salary'...