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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
Economics Letters, vol. 120, n° 2, p.329-331
Keywords
Credit rationing, Risk aversion, Prudence, Entrepreneurship