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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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Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of … balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual … entrepreneur. -- entrepreneurship ; occupational choice ; skills …
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