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Proprietors are an important group of stockholders and non-diversifiable entrepreneurial risk could therefore help explain time-varying risk premia on the aggregate stock market. This paper suggests an entrepreneurial distress factor that is highly correlated with the aggregate...
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is slightly better than that of the questionnaire, but lower than expected in theory. Interestingly, for those subgroups …
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is slightly better than that of the questionnaire, but lower than expected in theory. Interestingly, for those subgrounds …
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is slightly better than that of the questionnaire, but lower than expected in theory. Interestingly, for those subgroups …
Persistent link: https://www.econbiz.de/10003540253
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