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...

The definition and measurement of risk propensity has long been a topic of debate among researchers, reflecting the perceived theoretical and practical importance of the construct.Recent work by Weber and collaborators suggests that such apparent domain differences in risk taking might have more...

Risk plays an important role in entrepreneurial decision-making, yet the literature lacks sufficient empirical research to assess the ways in which elements of risk perceptions influence the entrepreneurs' venture decisions. Given the failure rate of new ventures and the rapidly-changing markets...