This study seeks to fill a gap in the research on the behavior of entrepreneurs, their decisions to develop their firms independently or with venture capitalists, and the relation to their abilities and to the value in making that ability known, even at a cost. Information asymmetry exists when...

Based on an analysis of a game-theoretic model developed by Amit, Glosten, and Muller in 1994, the following hypothesis is posited and investigated: entrepreneurs are more likely to undertake entrepreneurial activities when their opportunity costs are lower. Data were gathered from the...