International entrepreneurship (IE) research has grown rapidly, encompassing many industries and world regions. Past IE research has examined the macro, industry and firm-specific variables that lead to companies' early internationalization and its financial and non-financial outcomes. Most...

Under perfect market conditions, standard capital budgeting theory predicts that the discount rates on projects should reflect only non-diversifiable risk and be constant across firms. However, theoretical research by Froot and Stein (1998), among others, suggests that when firms invest in...

Using the Survey of Consumer Finances we examine the life cycle demand for different types of life insurance. Specifically we test for the consumer's aversion to income volatility resulting from the death of a household's wage-earner through the purchase of life insurance. We first develop a...