in time. We show that in each problem, all risk-averse decision makers have the same (problem-dependent) ranking over … short-term risky assets. Moreover, in each problem, the ranking is represented by the same risk index as in the case of CARA …

that the key SMEs dynamics (value creation, profitability, risk, leverage, and equity multiplier, among others) and other … survival. This paper suggests a lending guarantee technology based on risk sharing through a de facto shareholding agreement to … cover potential losses and reduce the premature default risk. The simulation of a typical entrepreneurial experiment shows …