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This paper is focused on the factors which determined the adoption of innovation or imitation strategies on firm performance in seven different industries in China. Firstly, we delineate and distinguish the concepts of innovation and imitation. Secondly, using the structural equation modelling...
Persistent link: https://www.econbiz.de/10010669336
As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …
Persistent link: https://www.econbiz.de/10010968958
Persistent link: https://www.econbiz.de/10010909777
As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …
Persistent link: https://www.econbiz.de/10011004782
In their article "Strong Evidence for Gender Differences in Risk Taking," Gary Charness and Uri Gneezy (2012) review a number of experimental studies regarding investments in risky assets, and claim that these yield strong evidence that females are more risk averse than males. This study...
Persistent link: https://www.econbiz.de/10010837322
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10010612063
the probability of that outcome. In rank-dependent utility theories, including prospect theory, the probability weighting … Tversky and Kahneman (Tversky, Amos, Daniel Kahneman. 1992. Advances in prospect theory: Cumulative representation of …
Persistent link: https://www.econbiz.de/10009208705
We consider expected utility maximizers choosing from a family of risky prospects and examine how choice is influenced by the decision makers attitude to risk. If the family of risky prospects can be ordered so that as decision makers are more risk tolerant they choose a gamble higher in the...
Persistent link: https://www.econbiz.de/10009208748
In this paper, we study the determinants of the value of informal risk sharing groups. In particular, we look at the effects of heterogeneity of preferences and of limited commitment constraints that restrict feasible allocations differently if individuals can deviate form risk sharing...
Persistent link: https://www.econbiz.de/10005791230
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …
Persistent link: https://www.econbiz.de/10005822413