Purpose – The purpose of this paper is to provide evidence in support of incentive and retention-based explanations for backdating. Design/methodology/approach – The authors use matching-firm techniques and the bivariate logistic model. Findings – Backdating firms tend to be younger and...

Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...

Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...