Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059837 | Economics Letters | 2013 | 12 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Claudio A. Bonilla, Marcos Vergara,