In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems and underdeveloped capital markets, in particular venture capital markets. Hence, looking for...

In the dominant approach, it is assumed that risk preferences reflect the shape of utility function. Here, the alternative approach is, in which risk preferences are result of: (1) individual differences in focus on either potential or security that impacts decision weights put to good and bad...