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Credit rationing or entrepreneurial risk aversion? A comment

Credit rationing or entrepreneurial risk aversion? A comment

Vergara, Marcos; Bonilla, Claudio A.
URI: http://hdl.handle.net/11447/57
Date: 2013-05

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

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