کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1019732 | 940687 | 2006 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The risk concept for entrepreneurs reconsidered: New challenges to the conventional wisdom
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار و مدیریت بین المللی
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چکیده انگلیسی
This paper explores the entrepreneurial risk construct, focusing on how the decision to launch a new venture may entail risks different from what is found in established firms. Opportunities often emerge from the creation of specialized knowledge: in start-ups this knowledge is characterized by concerns for rent appropriation and information asymmetry. We suggest that traditional measures of risk do not properly account for these concerns; hence an illusion of greater risk-taking attaches itself to entrepreneurs, especially if the specialized-knowledge is difficult to observe. We suggest alternative measures that better capture these concerns, including the dilution of control when issuing equity, cash burn rates, etc.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Business Venturing - Volume 21, Issue 3, May 2006, Pages 385–400
Journal: Journal of Business Venturing - Volume 21, Issue 3, May 2006, Pages 385–400
نویسندگان
Jay J. Janney, Gregory G. Dess,