Credit rationing or entrepreneurial risk aversion? A comment

Date

2013-05

Type:

Documento de trabajo

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10

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Publisher

School of Business and Economics, Universidad del Desarrollo

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Abstract

Cressy (2000) argues that the positive correlation between assets and the rate of business startups is due to DARA preferences. We show however that the required property is prudence,and prudence is consistent with DARA, IARA or CARA

Description

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Citation

Economics Letters, 2013, August 2013, pages 329-331
Economics Letters, vol. 120, n° 2, p.329-331

Keywords

Credit rationing, Risk aversion, Prudence, Entrepreneurship

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