Article ID Journal Published Year Pages File Type
5059837 Economics Letters 2013 12 Pages PDF
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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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Credit rationing or entrepreneurial risk aversion? A comment
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